Business Succession Planning
This business succession CPE course is an analysis of different methods of holding title with discussion of each business format as it relates to tax consequences. Sole proprietorships, S corporations, C corporations, partnerships, and limited liability companies are analyzed as to formation, operation, and ultimate disposition. Before launching into an estate planning program, it’s important to know who owns what and exactly for whom you are planning. Since who or what holds title imposes its own unique tax and legal consequences on the estate plan, emphasis is given to the maximization of tax benefits in each business format. While each has its own separate characteristics, several may be used together in more sophisticated planning.