Succession upon retirement or death of a principal owner in the case of the closely-held business presents special concerns and limitations that are far different than those found in widely-held companies and or in publicly-traded companies. This course is designed to first focus on the personal, financial and tax concerns faced by the owners of a closely-held business when confronting the issue of succession. The second part of the course will examine the approaches the advisor to a closely-held business should consider and evaluate which of these alternatives, or combination of alternatives, is the most appropriate for that particular situation. Pass/Fail.
Prerequisite: Federal Taxation.
Suggested: Corporations and Business Entities