August 18, 2022


Webinar


4 Total CPE Credits

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Succession Planning for the Small Business Owner: Finding the Exit Ramp

  • Instructor

    Michael Frost

Learning Objectives

  • Understand the process of selling a business from finding a buyer to completing the sale
  • Understand how business brokers operate and the fees that they charge
  • Discuss the difference between selling the business and leaving the business: the transition period
  • Protect the seller's interest in a seller-financed sale
  • Understand how estate planning and family succession of a business interact
  • Understand the use of discounts in transfers of ownership interests to family members
  • Discuss when to turn over operations while maintaining control of a family business: drawing distributions from the business for retirement and receiving a step-up in basis at death
  • Understand various structuring options for family business succession

Major Topics

  • How to find unrelated buyers of a business
  • Maintaining control of the business succession process
  • Turning over the reins to family members: when to give up control
  • Finding the right team to sell a business
  • Options for selling a business to an unrelated party
  • Options for selling a business to family members
  • Options for selling a business to employees
  • Overcoming the emotional attachment to a business
  • Selling to family members for a life annuity
  • Using family partnerships and trusts to transfer a business

CPE Credits Available

4
Total CPE
4
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Intended Audience

Practitioners with small business clients that will eventually sell that business to third parties or family members that need advice regarding exiting the business

Provider

Surgent McCoy CPE

This event has ended.