Business Succession Planning: Case Studies (Currently Unavailable)

Author: Steven G. Siegel

One of the most difficult issues facing a business owner—and his or her advisors—is what to do with the business as the owners address the realities of aging, retirement, and illness. A lifetime of effort and success deserves to be preserved if at all possible. Is there a plan? How can a plan be created? What should be done? How should the spouse and children be provided for? Should the owner hang on or step away? How will value be realized? What is "fair" to all concerned? Can anything be done if the owner dies and did no planning? These are the issues confronting the practitioner as advisor to his or her clients. This two CPE hour on-demand course, Business Succession Planning: Case Studies, outlines potential pitfalls and best practices in advising business clients on business succession plans.

Publication Date: March 2015

Designed For
Practitioners assisting clients in business succession planning.

Topics Covered

• Case studies
• Tax planning
• Accounting and medical practice transfers
• Planning opportunities
• Wealth transfer

Learning Objectives

• Describe the key tax and nontax issues involved in business succession planning
• Identify potential planning options for common client situations
• Recognize how to summarize planning opportunities for business clients to help them achieve their objectives

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic knowledge of wealth transfer taxes.

Advance Preparation
None