Strategies for Buying, Selling, and Gifting a Closely Held Business (111118)
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This event has been pre-approved for CE credit by the CFP Board.
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Description:
This event has been pre-approved for CE credit by the CFP Board.
There are many specific estate planning issues that deal with business ownership, valuation and succession matters. As the financial advisor, you need to know the estate planning issues facing your clients who own a closely held business. This course will help you deal with this niche client base.
Objectives:
- When to use a buy-sell (business continuation) agreement
- Advantages of using a trustee in a buy-sell agreement
- Both the tax and non-tax benefits of a family limited partnership
- When is a family limited partnership recognized for income tax purposes
- How to use an estate freeze as a planning tool
- Overview of incorporation
- When to use Section 303 stock redemption as a planning tool
- Valuation Issues
- How to plan for valuation discounts in closely held businesses
- How to avoid pitfalls in planning for discounted asset values
- SelfCancelling Installment Notes
- Transferring a Business Interest with an ESOP
Major Topics:
- When to use a buy-sell (business continuation) agreement
- Advantages of using a trustee in a buy-sell agreement
- Both the tax and non-tax benefits of a family limited partnership
- When is a family limited partnership recognized for income tax purposes
- How to use an estate freeze as a planning tool
- Overview of incorporation
- When to use Section 303 stock redemption as a planning tool
- Valuation Issues
- How to plan for valuation discounts in closely held businesses
- How to avoid pitfalls in planning for discounted asset values
- SelfCancelling Installment Notes
- Transferring a Business Interest with an ESOP
Who Should Attend:
CPAs, attorneys, financial planners, insurance agents, and bankers.
Prerequisite:
None
Advanced preparation:
None