The owners of a closely held business face numerous challenges. Besides the obvious long hours needed to get the business off the ground and then continued long hours to keep the business going in a competitive marketplace, there are many obstacles, the owners may face problems due to reduction in income due to the death or disability of a key employee, burdensome regulations, need to have a competitive retirement plan in place to retain employees, liability issues, overhead, and creating a smooth transfer of the business to the family. Many of these problems can be avoided, or at least reduced, through proper planning.
This webinar will examine important considerations in the selection of the proper type of business entity for the business, describe the purpose and benefits of a buy-sell agreement, and analyze ways of saving estate taxes and income taxes upon the transfer of a closely held business.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
- Identify important factors to consider in the selection of an appropriate business form for a small business owner.
- Describe the purpose and benefit of a buy-sell agreement for the owners of a closely held business.
- Describe effective methods of achieving family tax savings through various types of intra-family transfer techniques for a closely held business interest.
Presented by Eric A. Smith, ATP, CFP, CLU, ChFC, CRPC
IRS CE: 2 Hours/Federal Tax Law;
NASBA CE: 2 Hours/Taxes
NSA ConnectED Webinar Series
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: Group-Internet Based
No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.