June 6, 2022


Webinar


4 Total CPE Credits

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Buying and Selling Corporate Businesses: Asset Sales

Learning Objectives

  • Identify tax and non-tax differences between an asset sale and a stock sale.
  • Determine possible benefits from using compensation arrangements, covenants not to compete, personal goodwill and contingent consideration.
  • Identify the differences between selling the assets of an S Corp compared to a C Corp.
  • Recognize the tax significance and relevant legal authority related to the allocation of the purchase price among the assets purchased.
  • Recall the law applicable to "purchased intangibles."
  • Identify tax considerations related to asset sales after the death of the shareholder.

Major Topics

  • Stock sale vs. asset sale: tax and non-tax differences.
  • Compensating the selling shareholders for services performed.
  • Covenants not to compete.
  • Personal goodwill.
  • Built-in gain planning for S corporations
  • Installment sales.
  • Allocation of the purchase price among the assets.

CPE Credits Available

4
Total CPE
4
Taxes

Things to Know About This Course

Prerequisites

An understanding of the taxation of individuals, corporations, S corporations and partnerships or at least two years of experience in advising privately owned businesses.

Advanced Preparation

None

Intended Audience

CPAs and attorneys.

Provider

California Society of CPAs

This event has ended.