2024 Creative Strategies for Buying, Selling, or Gifting a Business

Overview

Navigating the complexities of business transactions requires a deep understanding of tax and estate planning strategies. In this comprehensive course tailored for financial professionals, participants will explore the intricacies of creative approaches to buying, selling, or gifting a business. Through real-world scenarios and practical insights, attendees will gain invaluable expertise in identifying tax risks, minimizing liabilities, and safeguarding assets. From evaluating valuation methods to exploring the details of stock versus asset purchases, this course equips you with the essential tools to provide informed counsel to clients.

Discover the potential for strategic success as you master topics including estate transfer and tax implications, gifting strategies, and the utilization of various trusts and partnerships. Whether you're a CPA, EA, attorney, or financial planner, this course offers indispensable knowledge to elevate your practice. With a recommended 8 credit hours of Continuing Professional Education (CPE), this intermediate-level course is designed for professionals with a foundational understanding of business tax and estate planning. Join us and immerse yourself in a journey towards mastery in the vibrant landscape of business transactions.

**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Highlights

Valuation methods for business interests
Stock purchase versus asset purchase
Estate transfer and tax considerations
Gifting strategies for business interests
Trusts and partnerships in business transfers
Self-canceling installment notes in transactions
Transferring S corporation stock to trusts
Business interest transfer with Employee Stock Ownership Plan (ESOP)

Prerequisites

Basic understanding of business tax and estate planning strategies

Designed For

CPAs, EAs, attorneys, finance professionals, financial planners, insurance agents, and bankers

Objectives

Identify key tax risks associated with business transactions to minimize liabilities effectively
Discuss various strategies for estate planning to protect assets during business transfers
Explain the differences between stock purchase and asset purchase in business transactions
Analyze valuation methods to determine the fair market value of business interests accurately
Compare and contrast different gifting strategies for transferring business interests
Recognize the implications of transferring business interests to trusts and partnerships
Evaluate the advantages and disadvantages of utilizing self-canceling installment notes in transactions
Discuss the tax implications of transferring S corporation stock to trusts
Apply knowledge of estate transfer and tax issues to provide valuable advice to clients
Demonstrate the process of transferring business interests with an Employee Stock Ownership Plan (ESOP)