A Practical Approach to Business Succession Planning 2024

Overview

Business succession planning is integral to running a successful business. This course will provide an overview of the processes that are needed to transfer a business interest.

Highlights

• 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

Prerequisites

Knowledge in business valuation and finance is recommended.

Designed For

CPAs, attorneys and business valuation practitioners

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

Preparation

None

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).