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Tax and Practical Aspects of Business Succession Planning

Date: Monday, July 23, 2018
Time: 1:00 - 2:40 pm EST

Sponsored by Lorman Education Services

Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00


Gain a better understanding of how to preserve and protect enterprise value, common errors made in the process, and strategies for reducing taxes associated with business transitions.

Small & Medium Sized Enterprises ("SME") are where Americans create wealth. SMEs represent half of the U.S. GDP. By 2020, 70% of U.S. firms will be owned by persons 55 or older, half will be owned by persons over age 65. Very few of these owners know to realize the wealth from Enterprise Value of their business at retirement.

Many SME owners feel they are owned by their business, and cannot retire. Failure to plan for succession destroys wealth, it is that simple. It is hard enough to make a well-planned transition work, many still fail, without planning the chance of the business and the wealth it represents continuing are minimal. Business succession has become a national imperative, and creates enormous opportunities for qualified advisors to assist SME owners with both personal retirement and enterprise planning.

Learning Objectives:

  • You will be able to describe some common and some unique methods of preserving the wealth the enterprise represents to owners and their families.
  • You will be able to identify common errors made in this process.
  • You will be able to recognize how to effectively counsel SME owners.
  • You will be able to review strategies for reducing taxes associated with business transitions.

This Live Webinar Covers These Hot Issues:



  • Owner's Goals
  • Understanding the Players
  • Dangers, Opportunities, Solutions (D.O.S.) Analysis
  • Interplay of Estate Planning and Business Succession


  • Staging the Company
  • Cross Purchase Agreements
  • Employee Purchases
  • Sale to Intentional Grantor Trust

The Transaction – Taxation and Other Pitfalls

  • Assets Sale, or Stock Sale
  • Cash or Note

Preserving and Protecting Enterprise Value – After Transition

  • Asset Protection
  • Estate and Estate Tax Planning
  • A New Financial Reality
  • Perpetuating the Wealth in the Family
  • The Advisor's Role

Credit Information (Sponsored by Lorman Education Services):

  • CLE
  • CPE
  • AIPB
  • Enrolled Agents

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Instructor Profile:

Kevin D. Quinn, J.D., Legacy Counsellors, P.C.

  • Founder and president of Legacy Counsellors, P.C., an estate and business planning law firm, serving successful individuals and families throughout the country
  • Accomplished Estate and Wealth Strategies Planner®
  • Founder and an instructor of the Wealth Strategies Institute, LLC, a professional education institute which provides continuing education to Certified Public Accountants, Certified Financial Planners, attorneys, development officers and insurance professionals
  • Frequent speaker and has written numerous publications
  • J.D. degree, Western New England School of Law; M.B.A. degree, University of Connecticut; B.S. degree, Embry-Riddle Aeronautical University
  • Can be contacted at 413-527-0517 or

(Not available outside the US)