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.
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
- 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.
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:
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.
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.
|Aug. 7, 2018||Geneva County Farm Center||6 – 9 p.m.||Gloria Marks|
|Aug. 9, 2018||Marshall County
|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
|8:30 – 11:30 a.m.||Henry Dorough|
|Sept. 10, 2018||Tuscaloosa:
|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
|6 – 9 p.m.||Amelia Mitchell|
|Sept. 27, 2018||Montgomery County Extension Office||1 – 4 p.m.||Jimmy Smitherman|