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Alabama Extension Hosts Business Entity Workshop

Alabama Extension Hosts Business Entity Workshop

AUBURN, Ala. – Do you know if your operation should be a business entity? If so, do you know which one it would fall under? The Alabama Cooperative Extension System is here to help answer these questions. Alabama Extension is now offering a program on business entities at 14 locations across the state.

Dr. Robert Tufts, an Alabama Extension farm management specialist and attorney, said that this program is open to anyone.

“The main outreach for this program is to farmers, but it is applicable to anyone with a business,” Tufts said. “The program is for anyone looking for more information on business entities. Whether they are just starting a business or have been in business for years and are looking for a different structure, all can take something from this program.”

Accountants can request to take this program for three Continuing Professional Education (CPE) hours. Continuing education credit is also available for foresters and professional logging managers.

Business Entities

There are nine different business entities available in Alabama, with each of them offering different advantages.

  • General partnership
  • Limited partnership
  • Registered limited liability partnership
  • Limited liability limited partnership 
  • Corporation, S or C
  • Cooperative
  • Limited liability company
  • Business trust
  • Real estate investment trust

“During this program, I will discuss the differences in the entities and why a person may choose one instead of another,” Tufts said.

The program will also cover a variety of topics such as liability of owners, classification for income tax purposes and much more.

Registration

The cost to register for the program is $15 for individuals and $60 for accountants requesting CPE. There are three options for people to register; online, mail or also phone. Online registration can be done at www.aces.edu/business-entity. People registering by mail must send a check to:

Kathryn Thurlow

301 O.D. Smith Hall

Auburn University, Alabama 36849-5608

Make checks payable to Auburn University and specify the location and workshop. To register over the phone call 334-844-5100.

Locations

Below is a chart of locations, dates and times of each workshop. For more information, visit Alabama Extension online or contact your county Extension office.

 

Date

Location Time Contact
Aug. 7, 2018 Geneva County Farm Center 6 – 9 p.m. Gloria Marks
Aug. 9, 2018 Marshall County

Extension Office

5:30 – 8:30 p.m. Eddie Wheeler
Aug. 15, 2018 Barbour County

Chamber of Commerce

9 a.m. – 12 p.m. Allie Corcoran
Aug. 28, 2018 Coffee County Extension Office, 5 County Complex 1 – 4 p.m. Gavin Mauldin
Aug. 30, 2018 Lee County Extension Office 3 – 6 p.m. Tara Barr
Sept. 4, 2018 Cullman County

Chamber of Commerce

1 – 4 p.m. Tony Glover
Sept. 5, 2018 Clanton:

Alabama Power Building

9 a.m. – 12 p.m. Gay West
Sept. 6, 2018 Talladega County

Extension Office

8:30 – 11:30 a.m. Henry Dorough
Sept. 10, 2018 Tuscaloosa:

Courthouse Annex

6 – 9 p.m. Denise Shirley
Sept. 11, 2018 Lauderdale County Extension Office 6 – 9 p.m. Heidi Tilenius
Sept. 13, 2018 Atmore: Grace Fellowship Church 6 – 9 p.m. Anthony Wiggins
Sept. 19, 2018 Fairhope:

Gulf Coast Research and Extension Center

6 – 9 p.m. Ellen Huckabay
Sept. 20, 2018 Mobile County

Extension Office

6 – 9 p.m. Amelia Mitchell
Sept. 27, 2018 Montgomery County Extension Office  1 – 4 p.m. Jimmy Smitherman

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