This seminar is designed for attorneys, CPAs, business owners and managers, CEOs, CFOs, controllers, tax managers, financial and estate planners, insurance professionals and enrolled agents.
This one-day seminar is designed to enhance your working knowledge of the critical tax issues affecting business owners. Discussions and workshops will explore the income and estate tax saving techniques commonly used by practitioners today, and allow you to more confidently and effectively handle your clients’ tax planning needs. Specifically, this seminar will highlight:
• Recent Legislation
• Business Formation
• Income Tax Considerations
• Valuation Principles
• Estate And Gift Planning Techniques
• Third Party Exit Strategies
8:30 a.m. - 9:15 a.m.
I. Recent Legislation
9:15 a.m. - 10:30 a.m.
II. Business Formation: Thinking Ahead
A. Tax Considerations In Choice Of Entity
B. Other Considerations In Choice Of Entity
C. How To Change/Shift
D. LLC Operating And Shareholder Agreements
1. Need For Agreements
2. Components Of Agreements
10:30 a.m. - 10:40 a.m.
10:40 a.m. - 11:30 a.m.
III. Income Tax Considerations For The Business Owner
A. Tax Deductions For Business Owners
B. Employee Benefits
C. How To Finance The Small Business Plan
1. Capital Needs
2. Sources Of Capital
11:30 a.m. - 12:15 p.m.
IV. Valuation Principles
A. Valuation Of Closely Held Interests
B. Transfers Of Minority Interests
C. Transfers Of Controlling Interests
12:15 p.m. - 1:15 p.m.
Lunch (On Your Own)
1:15 p.m. - 2:45 p.m.
V. Estate And Gift Planning Techniques
A. Estate And Gift Planning Basics Overview
1. Succession Planning
2. Retirement Considerations For The Owner
B. Family Limited Partnerships Or Family Limited LLC’s
1. Reasons For Entering Into FLP Or FLC
C. Components Of Agreements
2:45 p.m. - 2:55 p.m.
2:55 p.m. - 3:30 p.m.
V. Estate And Gift Planning Techniques (Continued)
D. Valuation Of Transfers Of Interests
E. Recent IRS Scrutiny
3:30 p.m. - 4:15 p.m.
VI. Third Party Exit Strategies
A. Retirement Considerations For The Owner
B. Status Of The Marketplace
C. Opportunities For Transition (Management Team, Outside Buyer, ESOP, etc.)
4:15 p.m. - 4:30 p.m.
VII. Questions And Answers