ALAN R. SUMUTKA
MBAD-629 TAX PLANNING FOR ENTREPRENEURS

SYLLABUS - SPRING 2005

COURSE OVERVIEW
The business and personal finances of an entrepreneur are integrally related.  Often personal resources fund business operations and business resources fund individual necessities and obligations.  This course is designed to familiarize the entrepreneur with wealth maximization and tax minimization strategies for business and personal activities.  This course covers basic tax planning concepts and includes personal financial planning and estate planning issues.

COURSE OBJECTIVES
This course is designed to ensure that entrepreneurs are knowledgeable of:

REQUIRED MATERIALS
No textbook is required.
The Wall Street Journal - read any article about taxation (especially see columnists Jonathan Clements, Terri Cullen, and Tom Herman).  

GRADES
1. Final grades are based on the following scale:
A = 90 - 100
B = 70 - 89
Any grade below 70 will be given at the instructor's discretion(i.e., C or F). + or - will
be awarded similarly.

2. Final grades are determined as follows:
Mid-term exam 35% Class participation 30%
Final exam 35%

EXAMINATIONS
Exams will contain a combination of problems, essay, short answer and/or objective questions. To prepare for examinations, it is suggested that you study material covered in class and WSJ articles. The final exam is not comprehensive.       

ORDER OF STUDY
Week
Topic
1
The Tax Planning Environment
2
Tax Planning for Individuals
3
Tax Planning for Sole Proprietors and Single-Person Limited Liability Companies
4
Tax Planning for C Corporations and Their Owner-Employees
5
Tax Planning for Partnerships, Limited Liability Companies and S Corporations
6
Tax Planning for the Acquisition, Use and Disposition of Fixed Assets
7
Midterm Examination
8
Tax Planning for Businesses/Employees: Risk Management
9
Tax Planning for Employees: Retirement
10
Tax Planning for Investments and Real Estate
11
Education, Financial Aid and Child Tax Planning
12
Estate Planning
13
Business Succession Planning
14
Final Examination


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