Every business and business owner will be faced with succession issues. Developing a sound succession plan is the key to success in business transition. Business and family dynamics are interwoven with a complex array of tax rules and restrictions. We will discuss recent cases and planning opportunities and highlight several traps to avoid.
Learning Objectives include:
Developing an enhanced understanding of business succession planning;
Reviewing various income, estate, and gift tax implications; and
Comparing and contrasting business succession methodologies.