Exit Strategies for Clients Selling or Passing on a Business to the Next Generation

Robert J. Feenan, CPA, Robert Lickwar, CPA, Lance Weiss, CPA, CVA, Michael J. Tucker, JD, CPA (moderator)
  • 3
  • Intermediate
  • Federal Tax Law

Individual course: $99
Volume Discounts: Click here for details.

Overview

Business owners often consider the relative merits and demerits of various exit strategies. The exit strategy may consist of selling equity in the business to a third-party buyer but could also involve selling some or all of the business’s assets, liquidating the entity and distributing the business assets to the owners, or reorganizing with another entity in an “acquisitive reorganization.” This program reviews common exit strategies and the associated tax consequences. The broadcast will take into account any 2017 tax law changes that impact the transfer of a business.

Major Topics:

  • Stock versus asset sale
  • Selling the partnership’s equity or assets to a third party
  • Tax effects of liquidating a corporation or partnership
  • Liquidation of a corporate subsidiary into a corporate parent
  • Defending the sale of personal goodwill against IRS attack

Learning Objectives

  • Advise clients regarding an asset sale or a sale of equity in a business
  • Realistically argue for the sale of personal goodwill when a corporation sells its assets

Any tax practitioner who may be called upon to participate in the transfer of the ownership interest in a business or the assets of a business to a third party.

A basic understanding of the tax rules relating to the federal transfer tax.

None

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Varies by state. Click here for details