Show navigation

Available in:

OnDemand Course

Future Sale of a Business: Minimizing the Tax Consequences

Make sure you are up to speed on the tax implications on the sale of a closely held company.

Gain a practical understanding of the tax impact of the sale of a closely held business. Start with the current business structure and discuss implementing a tax planning strategy to get the business in a sellable position prior to an exit transaction. Continue on with a discussion of the tax impact of different types of transactions on the various entity types. Planning ideas as well as potential traps for the unwary will be discussed.

Runtime: 96 minutes
Purchase Options

More Program Information

Why Lorman?

Over 33 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

Tax Considerations in Selling a Closely Held Business

Pre-Planning - Getting Ready for the Transaction

Starting Point

What Is Your Current Structure?

  • Entity Types
  • Partnership
  • S Corporation
  • C Corp
  • Disregarded Entity

Accounting Issues

Understanding Due Diligence

Deal Structures - Tax Implications

  • Basic Rules

Who Is the Buyer?

  • Internal
  • External
  • Strategic
  • Financial

Asset Sales

  • Allocations
  • Corporate Issues
  • Capital Gain/Ordinary Income
  • Personal Goodwill
  • Liquidation

Equity Sales

  • Partnerships
  • Corporate

Reorganizations

  • Section 338
  • Section 336
  • Section 382
  • Going Public
  • ESOP

Getting Paid

  • Fixed
  • Contingent
  • Allocations
Purchase Options

More Program Information

Why Lorman?

Over 33 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 November 10, 2015.

Call 1-866-352-9540 for further credit information.

No Credit Available

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 33 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

Barry M. Weins, CPA, JD

Barry M. Weins, CPA, JD

Cherry Bekaert

  • Tax director with Cherry Bekaert, in the Tax Professional Practices Group with more than 32 years of tax experience
  • As a member of the Professional Practices Group his primary role is to act as a technical resource to the tax practice and assist clients throughout out the firm
  • His main area of responsibility is for corporate tax and mergers and acquisitions; this includes work in areas such as consolidated tax returns, corporate restructuring, stock basis, earning and profits, Section 382 analysis, as well as tax planning around acquisitions issues associated with S Corporations and partnerships
  • Also has responsibilities associated with internal quality control and training related to the above areas
  • Prior to becoming part of the Professional Practices Group, he provided clients with income tax planning and compliance strategies
  • His extensive experience includes providing income tax planning and compliance services for S corporations, partnerships, individuals and corporations; additionally, he has worked with individuals on trust and estate planning and income taxation issues
  • Has significant experience in state tax matters, stock basis, earnings and profits, and mergers and acquisitions
  • Has represented clients before the Internal Revenue Service at both the examination level and in the appeals office
  • Prior to joining Cherry Bekaert, he was a principal in the tax department at Aidman, Piser, serving midmarket businesses, entrepreneurs and publicly traded corporations, and served as a senior tax manager in the Fort Lauderdale office of a Big Four accounting firm
Purchase Options

More Program Information

Why Lorman?

Over 33 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!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

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.

Product ID: 394238
Published 2015
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!