Buy-Sell Arrangements
Total Credits: 1.5 including 1.5 Business Law - Technical
- Average Rating:
- 3
- Categories:
- Industry | Partner Produced | Practice Management
- Faculty:
- William C. Lentine, JD, CPA
- Course Levels:
- Intermediate
- Duration:
- 1.5 Hours
- License:
- Product Setting: Expires 40 day(s) after program date.
Description
Buy-sell agreements are critical to protect a company, partnership or LLC against high-risk events that threaten the stability and survival of the entity, such as a member's or owner’s death, disability, retirement, termination, or sale of interest to a third-party nonmember. Establishing the ground rules for selling equity interests in a closely-held business can be done in a separate agreement or embedded within the governing documents for the business. However, often such an agreement is dismissed as something to be dealt with later, over time or perhaps not at all. Whether a corporation, LLC or partnership, every closely held-business that has more than one owner should have a buy-sell agreement to direct whether an owner can sell, transfer or convey interests, when an owner must transfer those interests and generally address values attributable to those business interests. Issues to address include: successorship issues, governance issues, valuation issues, funding issues, change-in-control issues, confidentiality and noncompete issues.
Basic Course Information
Learning Objectives- To learn the structuring of a buy-sell agreement, including the complex income and estate tax planning and reviewing types of the buy-out, funding mechanisms, trigger events and price and payment terms
Major Subjects
- Critical Provisions
- Purchase Price and Payment
- Valuation Issues
Course Materials
| Important CPE Credit Information_READ BEFORE WEBCAST UPDATED (0.47 MB) | Available after Purchase | ||
| Buy_Sell_Slides_Handout (0.15 MB) | 14 Pages | Available after Purchase |
| Buy Sell Arrangements_updated 9.24.2018_Bill Lentine_Handout_June 5, 2018 (0.15 MB) | 14 Pages | Available after Purchase |
Faculty
William C. Lentine, JD, CPA Related Seminars and Products
Warner Norcross + Judd LLP
William C. Lentine is experienced in corporate tax matters, partnership taxation, mergers and acquisitions and estate planning for executives and high net worth individuals. He has experience with public and private mergers and acquisitions and assisting foreign companies establish U.S. operations.
Mr. Lentine is a licensed CPA in Illinois with experience in a broad spectrum of tax and legal issues. Mr. Lentine is a member of the AICPA, the Tax Section of the Michigan bar, the MICPA and the Business Law Section of the ABA serving on the Mergers & Acquisitions committee and the chair of the Mergers & Acquisitions subcommittee in the Tax committee.
Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For CPAs with the need to learn about the buy-sell agreement
Original Recording Date 05/16/2018
Yellow Book No
Course Developer MICPA
Date Added to Catalog 03/28/2018
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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