Buying and Selling Corporate Businesses: Asset Sales WEBCAST

Wednesday, June 17 8:30am - 12:30pm

Add to Calendar

Your Desk

4 Credits

Member Price $150.00

Non-Member Price $200.00

Overview

Review the sale of both C corps and S corps, including planning related to a possible liquidation after the asset sale. Plus, identify tax and non-tax differences between an asset sale and a stock sale. The sale of a corporate business by selling the assets is a situation where effective tax planning can reduce the tax cost to both the buyer and seller. We’ll discuss the use of compensation for services, covenants not to compete, personal goodwill and contingent consideration.

Highlights

Stock sale vs. asset sale: tax and non-tax differences. Compensating the selling shareholders for services performed. Covenants not to compete. Personal goodwill. Contingent consideration. Built-in gain planning. Installment sales. Allocation of purchase price among the assets. Planning when target has net operating losses or tax credits.

Prerequisites

An understanding of the taxation of individuals, corporations, S corporations and partnerships or at least two years of experience in advising privately owned businesses.

Designed For

CPAs and attorneys.

Objectives

Identify tax and non-tax differences between an asset sale and a stock sale. Determine possible benefits from using compensation arrangements, covenants not to compete, personal goodwill and contingent consideration. Identify the differences between selling the assets of an S corp compared to a C corp. Recognize the tax significance and relevant legal authority related to allocation of purchase price among the assets purchased. Recall the law applicable to “purchased intangibles.” Identify tax considerations related to asset sales after the death of the shareholder.

Preparation

None.

Notice

None

Non-Member Price $200.00

Member Price $150.00