For many owners of privately-held businesses, succession planning is a critical but often neglected aspect of their financial and personal journey. The emotional attachment to the business coupled with the complexity of navigating tax and non-tax considerations can make the process daunting. Without proper guidance, business owners may find themselves unprepared for the transition, potentially leading to unfavorable outcomes for both the business and their family. Additionally, understanding the intricacies of different succession strategies, such as gifting, buy-sell agreements, and selling to third parties, requires a deep and nuanced understanding of the available options.

This online Webcast CPE course offers a comprehensive solution to these challenges. It provides an in-depth exploration of succession planning for privately-held businesses from both tax and non-tax perspectives. Participants will learn about the feasibility of gifting the business to family members, structuring buy-sell agreements, and the considerations involved in selling the business to a third party. The course also covers special considerations for S corporations and partnerships, ensuring that participants are well-equipped to handle a variety of scenarios. By the end of the course, business owners and planners will have a clear understanding of the available options and the tools to create a well-structured succession plan.