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Only registered attendee will receive continuing education credit.
Product ID: 406424
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Succession Planning for Family Owned Businesses

Live Webinar
October 22, 2019
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart

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.

Learning Objectives

• You will be able to describe the issues that face family-owned businesses looking to transition ownership to the next generation and identify solutions for that task.

• You will be able to identify transfer of a business to family members at death.

• You will be able to recognize ethical conflicts that may arise in representing a multi -generation family-owned business to avoid those conflicts.

• You will be able to discuss the difference of transfer of family-owned business during the lifetime of the owner and transfer at the death of the owner, and the positive and negative each transfer has on the owner and family.


Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart