Retiring Baby Boomers will sell or bequeath $10 trillion worth of assets over the next two decades. And many of these assets are held in over 12 million privately owned businesses that will be changing hands over the next few decades.
Exit Planning for Business Owners
A recent survey by PricewaterhouseCoopers found that only about 27% of private businesses have done ANY exit planning.
Whether you and your brother are set to inherit the family jewelry business or you have business clients that are getting ready to “cash out,” this two-part presentation will teach you about key considerations in exit and personal planning for business owners. The focus of the first part of the presentation will be on income tax planning. The second part of the presentation will focus on closely held businesses, tax treatment of business entities and variables influencing transfer techniques. To access the course please click here: Exit Planning for Business Owners – Income Tax, Control and Cash Flow.
Additional topics covered:
- The benefits of exit planning
- Building your team
- Transaction readiness
- C corporation asset sale planning
- The qualified business income deduction.
- Intra-family succession
- Management buy-out
- ESOP
- “Maturation” of the buy-sell agreement
- The sales process
- Mind-mapping the buy-sell
- Family members & employees as transferees
- Other buyers as transferees
Keith L. Troutman is a Partner in Squar Milner’s Tax Department. Michael Shafer is a Principal in Squar Milner’s Tax Department. Joshua Seigel is a senior manager in Squar Milner’s merger and acquisition tax practice. Peter Myers is Certified as a Specialist in Estate Planning, Trust and Probate Law by the State Bar of California’s Board of Legal Specialization. Sean Kenney concentrates his practice in the areas of trusts and estates, business succession and taxation.
This CLE course is offered in the following states:
- Alaska (AK)
- Arizona (AZ)
- California (CA)
- Connecticut (CT)
- District of Columbia (DC)
- Illinois (IL)
- Maryland (MD)
- Massachusetts (MA)
- Michigan (MI)
- Missouri (MO)
- New Hampshire (NH)
- New Jersey (NJ)
- New York (NY)
- North Dakota (ND)
- Pennsylvania (PA)
- South Dakota (SD)
Attorney Credits offers CLE for attorneys in Illinois and around the country. For more information about CLE in Illinois please click the following link: IL CLE.