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Selling Or Gifting A Business: Advising Your Client — 4.2 Missouri General Credits

This 3.5-hour May 20, 2010 program by Steven G. Siegel, a nationally-recognized tax and estate planning adviser, gives a comprehensive explanation of the many tax and non-tax issues which attorneys must consider when advising a client who is disposing of a business either by selling to a third party or gifting to family members.

Major topics include:

Gifting To Family Members

• succession plan, business value, gift taxes

• liquidity issues if owner dies while owning business

• including IRC Sections 303 and 6166

Buy-Sell Agreements

• objectives, types, taxes, suggested terms

Selling To Third Parties

• tax and non-tax issues

• types of transactions

Tax Considerations In Selling

• parties' preferences

• taxable asset sale

• taxable stock sale

• nontaxable asset sale

• purchase price allocations

• role of liquidations

• tax attributes

Purchase Agreements, Warranties And Opinion Letters

Post-Closing Issues

FORMS: Fully editable Asset Purchase Agreement Of A Retail Business - $39, SCIN Transaction - Acquisition Agreement - $19 and SCIN Transaction - Self-Canceling Installment Note - $19 prepared by Mr. Siegel are available on www.NLFforms.com.