Business succession planning is integral to running a successful business. This course will provide an overview of the processes that are needed to transfer a business interest.
Target Audience
CPAs, attorneys and business valuation practitioners
Course Objectives
Determine what a business is worth and how being an owner with control vs. an owner without control impacts value
Identify transition options, including planning for the outright sale of the business, structuring internal transfers to critical employees and analyzing the pros and cons of transfers to family members
Recognize tax issues associated with different transition options
Identify how to start the planning process early and tools to make the process more effective, including developing or modifying buy/sell agreements and other business operating agreements
Subjects
Deal considerations
Selling outright; selling or transitioning to employees; selling or gifting to family members
Relevance of discounts
Family transfer issues
Buy/sell agreements to plan for ownership changes and help avoid shareholder and family disputes
Prerequisites
Knowledge in business valuation and finance is recommended.
