Certified Public Accountants
Business (and Real Estate, Farm or Ranch) Succession Planning - Saving the Goose that Lays the Golden Egg

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Online Registration Form

Date: May 23, 2018
Location: Mahoney State Park, Ashland
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
90% of all U.S. businesses are family businesses. These 20 million businesses generate 49% of GDP, employ 59% of the workforce and create 78% of new jobs. 70% of family businesses fail to survive the second generation and 87% fail to survive the third generation. Why the high failure rate? Two reasons: 1. Failure to plan adequately for succession from the older generation to the younger generation from logistical, liquidity and emotional perspectives; and 2. Failure to adequately estate plan to minimize income and transfer tax costs and creditor/predator risks This course analyzes why family business succession plans (or the lack thereof) most often fail, identifies the precipitating downfalls and explores remedies to prevent them. A model(s) is presented for effective succession from one generation to the next. Particular emphasis is provided on how recent developments and estate and gift tax uncertainty on the immediate horizon may tip the balance.
To learn the challenges and opportunities facing entrepreneurial business desiring to pass on within the family to a future generation(s) and approaches and tax breaks making it possible.
* Basic questions to be addressed for effective succession planning * Developing a plan (step-by-step format) * Recent developments worthy of attention and action * When to begin planning, how often to revisit an existing plan * Transfer and income tax considerations * Protection maneuvers against creditors, predators and in-laws * Capital structure devices: family partnerships, family LLCs, S corps * Direct lifetime vs. testamentary gifts, transfers and intra-family sales * Liquidity considerations * Symptoms of a plan in trouble, possible solutions * How CPAs enter the succession planning fray to build their own business
Who Should Attend
Any person interested in successfully seeing a closely held family business from one generation to the next.

Course Level Basic
Prerequisites None
Course IDSPU
Discussion LeaderBradley P. Burnett, J.D., LL.M
CPE Credit8 Hours
Additional Information: Parking and lunch are provided on-site.
Fee: $250 - Society Member
$280 - Society Nonmember
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635 S. 14TH ST. SUITE 330
(402) 476-8482
(800) 642-6178
(402) 476-8731