This course analyzes why family business succession plans (or the lack thereof) most often fail andidentifies the precipitating downfalls and explores remedies to prevent them.

A model 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.

Agenda / Covered Topics

• 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 may enter the succession planning fray to build their own businesses

Included Materials

All ACPEN courses include handouts that are available to download. Handouts typically include a version of the slides used by the presenter, as well as a full course manual or other materials.

How To Access Your Course And The Accompanying Materials

You will receive an email directly from ACPEN with instructions for accessing your course and any accompanying materials.

How To Get Your CPE Credits

In order to obtain CPE credit for viewing ACPEN webcasts, you must view the course during the scheduled date and time. Throughout the program, you will be prompted to save three attendance codes per hour. At the conclusion of the program, your CPE Certificate will be issued assuming all attendance codes have been saved and submitted. Detailed instructions for this process are included in the course introduction and in written form as part of course materials.