Gain a better understanding of how to preserve and protect enterprise value, common errors made in the process, and strategies for reducing taxes associated with business transitions.
Small & Medium Sized Enterprises ("SME") are where Americans create wealth. SMEs represent half of the U.S. GDP. By 2020, 70% of U.S. firms will be owned by persons 55 or older, half will be owned by persons over age 65. Very few of these owners know how to realize lasting wealth tied up in the Enterprise Value of their business at retirement. Many SME owners feel they are owned by their business, and cannot retire. Failure to plan for succession destroys wealth, it is that simple. It is hard enough to make a well-planned transition work, many still fail, without planning the chance of the business and the wealth it represents continuing are minimal. Business succession has become a national imperative, and creates enormous opportunities for qualified advisors to assist SME owners with both personal retirement and enterprise planning.
Credit
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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
Overview
Preparation
- Owner's Goals
- Understanding the Players
- Dangers, Opportunities, Solutions (D.O.S.) Analysis
- Interplay of Estate Planning and Business Succession
Solutions
- Staging the Company
- Cross Purchase Agreements
- Employee Purchases
- Sale to Intentional Grantor Trust
The Transaction - Taxation and Other Pitfalls
- Assets Sale, or Stock Sale
- Cash or Note
Preserving and Protecting Enterprise Value - After Transition
- Asset Protection
- Estate and Estate Tax Planning
- A New Financial Reality
- Perpetuating the Wealth in the Family
- The Advisor's Role
Credit
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 July 23, 2018.
Call 1-866-352-9540 for further credit information.
- CFP 2.0
- The Certified Financial Planner Board of Standards, Inc. has granted 2.0 hours of continuing education credit. Level of Knowledge: Intermediate.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Credit
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
Kevin D. Quinn, J.D.
Legacy Counsellors, P.C.
- Founder and president of Legacy Counsellors, P.C., an estate and business planning law firm, serving successful individuals and families throughout the country
- AVVO, superb rating
- Member of the Wealth Counsel and Elder Counsel
- Accomplished estate and wealth strategies planner
- Founder and instructor of Wealth Strategies Institute, LLC, a professional education institute which provides continuing education to Certified Public Accountants, Certified Financial Planners, attorneys, development officers and insurance professionals
- Frequent speaker and has written and collaborated on numerous publications including Generations, Strictly Business, and Giving
- Has successfully implemented the strategies presented in numerous jurisdictions for 20 years
- Graduate of the Esperti Peterson Master’s Program
Credit
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.
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