Understand how to successfully implement a succession plan to transfer ownership of family-owned businesses.
Many family-owned businesses who are preparing to transfer ownership to the next generation often do not understand the considerations that need to go into making the decision in a way that financially benefits both the current owner and future owner. They also do not understand how the transition needs to be structured to minimize any tax burden and avoid drama amongst family members. This topic helps the family-owned business decide whether to transfer ownership of the business while they are alive or at the time of their death. The topic also helps outline the process for transferring the business in a manner that will maximize financial gain to all parties and minimize any tax burden. Failing to plan in advance for the transfer of the family-owned business causes significant tax burden and potential turmoil in the family. This topic is critical for business owners and their advisors so they can ensure they know how to implement a plan to transition ownership of the family-owned business.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Understand the Challenges in Building a Successful Business Succession Plan
- Navigating the Needs of the Business
- Working With Family Members That Have Different Needs and Expectations
- Establishing Goals for the Family and the Business
Review of Business Succession Planning Techniques and Strategies
- Your Arsenal of Techniques in Developing a Business Succession Plan
- Bifurcating Interests in the Company as Part of the Business Succession Plan
- Building Flexibility Into the Business Succession Plan
Tax Issues Affecting Business Succession Plans
- Understanding IRS Challenges to Business Succession Plans
- Bifurcating Interests to Address Tax and Business Needs
- Utilizing Minority Interest Discounts and Majority Interest Premiums
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 6, 2020.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Christopher Finley
Finley Stetson
- Partner at Finley Stetson
- Practice emphasizes real estate, estate planning, and representation of family-owned business entities
- LL.M. degree in estate planning, University of Miami; J.D. degree, Nova Southeastern University
- Can be contacted at 561-235-5053 or [email protected]
William A. Stetson
Finley Stetson
- Partner at Finley Stetson
- Practice emphasizes estate and income tax planning, representation of family-owned business entities, and representation of charitable entities
- LL.M. degree in taxation, University of Florida; J.D. degree, Florida State University
- Can be contacted at 561-265-5053 or [email protected]
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
