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Live Webcast

Successful Business Plan Composition: Part I - A Business Plan is Not a Substitute for a Private Offering Memorandum


Total Credits: 2 including 2 Taxes - Technical

Average Rating:
   10
Categories:
ACPEN Industry Institute |  ACPEN Tax Institute |  Tax
Faculty:
David Randall Jenkins, Ph.D.
Course Levels:
Intermediate
Duration:
2 Hours
License:
Product Setting: Expires 40 day(s) after program date.

Dates


Description

Too many times on the independent contractor sites (e.g., Upwork, Outsource, Freelancer, and Thumbtack) ads are posted by eager entrepreneurs soliciting proposals for a business plan where the intent it to raise funds from passive investors. The ageless Howey proposition remains: an investment contract involves i) an investment of money, ii) in a common enterprise, and iii) where profits are derived solely by the efforts of others. It may prove to be a hard lesson when the unwary upstart’s project fails to pan out and federal and state agencies investigate for securities violations. This webcast helps business plan consulting professionals distinguish between passive and active business management factors that distinguish protected by securities laws from those that are not. The former requires a Private Offering Memorandum and not a business plan. The latter requires business partner acknowledgements in the business plan to protect the business plan consulting professional from claims of aiding and abetting violations of federal and state securities laws.

Syllabus

Lesson 1.

Introduction

Lesson 2.

Elements of a Private Offering Memorandum

Lesson 3.

Business Plan Elements: The SBA Format

Lesson 4

Securities Law Violations and  Defensive Business Plan Acknowledgment

Lesson 5

Conclusion

Basic Course Information

Learning Objectives

*Recognize elements of a Private Offering Memorandum correctly center on risk disclosure and misrepresentation or material omission avoidance  

*Recognize elements of a business plan correctly convey investigations into expected venture outcome  

*Recognize a business plan and Private Offering Memorandum elements target different objectives and, as such, a business plan is correctly not a substitute for a Private Offering Memorandum  

*Recognize the tax code’s material participation requirements correctly coalesce a conclusion the investor’s venture investment interest is not protected by federal or state securities laws  

*Recognize business partner factual averment acknowledgements in the business plan correctly protect consulting professionals from aiding or abetting federal or state securities law violations


Major Subjects

*The definition of a security  

*Elements of a Private Offering Memorandum  

*Business plan composition: The SBA format  

*Tax code material participation requirements  

*Business plan requirements: securities law violations and defensive client acknowledgements


Course Materials

Faculty

David Randall Jenkins, Ph.D.'s Profile

David Randall Jenkins, Ph.D. Related Seminars and Products


David Randall Jenkins, Ph.D., received his doctorate in accounting and a master’s in accounting with an emphasis in tax from the University of Arizona. He has taught financial, managerial, and tax accounting courses at both the graduate and undergraduate levels. Dr. Jenkins is an AACSB academically qualified business school and tax professor owing to his peer reviewed journal article publications. His company, Algorithm LLC (algorithm-llc.com), is an IRS Approved Continuing Education Provider.  Dr. Jenkins may be contacted at tucjenkins@aol.com.


Additional Info

Basic Course Information

Prerequisites

This webcast is an intermediate continuing education webcast.  

It is assumed the webcast participant has achieved basic business plan writing skills and understanding


Advanced Preparation

Purchase and read journal article relating to course, and Review the Course Materials.


Designed For

*CPAs

*Attorneys

*Enrolled Agents

*Enrolled Retirement Plan Agents

*Self-directed Retirement Plan Fiduciaries, Custodians, and Administrators  

*Self-directed Retirement Plan Account Holders

*Tax Return Preparers

*Financial Planners

*Business Consultants   


Original Recording Date

10/27/2016


Yellow Book

No


Course Developer

David Randall Jenkins


Date Added to Catalog

10/12/2016


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com(972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Promo Video

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Overall:      4.3

Total Reviews: 10