A Practical Approach to Business Succession Planning 2024

Objectives:

• Determine what a business is worth and how being an owner with control vs. an owner without control impacts value • Identify transition options, including planning for the outright sale of the business, structuring internal transfers to critical employees and analyzing the pros and cons of transfers to family members • Recognize tax issues associated with different transition options • Identify how to start the planning process early and tools to make the process more effective, including developing or modifying buy/sell agreements and other business operating agreements

Major Topics:

• Deal considerations • Selling outright; selling or transitioning to employees; selling or gifting to family members • Relevance of discounts • Family transfer issues • Buy/sell agreements to plan for ownership changes and help avoid shareholder and family disputes

Major Topics:

• Deal considerations • Selling outright; selling or transitioning to employees; selling or gifting to family members • Relevance of discounts • Family transfer issues • Buy/sell agreements to plan for ownership changes and help avoid shareholder and family disputes

Designed For:

CPAs, attorneys and business valuation practitioners

Prerequisites:

Knowledge in business valuation and finance is recommended.