|Faculty:||Dr. Bart A. Basi|
|Production Date:||June 18, 2009|
|Practice Areas:||Acquisitions, Buying/Selling a Business, Contract Law, Corporate Law, Entrepreneurship, Federal Tax, Finance, Legal, Management Advisory Services, QAS Approved, Specialized Knowledge & Applications, Starting a Company|
This program examines buy/sell agreements. Such agreements are typically recommended in estate and business planning for business owners, including those business owners involved in closely-held corporations, and those involved in noncorporate types of entities, such as partnerships and proprietorships.
A Buy-Sell Agreement is the most important legal document a closely-held or family business can hold. Along with the obvious, legally necessary documents such as articles of incorporation and partnership agreements, every business should possess a properly drafted buy-sell agreement. This course delves into the applicable tax considerations, including the valuation for estate tax basis, the redemptions to pay death taxes, the constructive dividends and the tax consequences of the corporate cross-purchases.
I. Know the basic forms of buy-sell agreements
II. Understand the differences between cross purchases and stock redemption
III. Grasp the different tax considerations in buy/sell agreements
IV. Identify a corporate cross-purchase
V. Recognize the common valuation issues in a buy/sell agreement.
VI. Comprehend important tax considerations
VII. Distinguish between the book value and the adjusted book value.
FurtherEd 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: http://www.learningmarket.org
Thomas (New York, NY)
First-rate as usual from Prof. Basi!
Carlosandres (Catonsville, MD)
Great course and great speaker.
James (MAITLAND, FL)
Paul (White Plains, NY)
Dr. Basi is great.
Lawrence (New York, NY)
Very good lecturer. I have listened to his presentations in the past and always learn something.
Tomas (Brooklyn, NY)
Matthew (New York, NY)
Very informative. A lot was covered in a short amount of time.
D Kenneth (Encinitas, CA)
Excellent speaker with command of the subject matter.
David (San Diego, CA)
Dr. Basi has an excellent grasp of this subject and conveys his message effectlvely.
Assly (Las Vegas, NV)
It was a essential course that I am very glad I had the opportunity to watch. The speaker was extremely knowledgeable and provided so many helpful tips I now know how to improve my own practice and the service I can offer to my clients.
Frederick (Washington, DC)
Dr. Basi clearly is very knowledgeable about the subject matter and is an excellent lecturer.
Laura (McLean, VA)
I strongly recommend this course.
Colleen (Vienna, VA)
Dr. Basi was incredibly effective and delivered very specific and helpful information. I look forward to taking his other course.
Lori (great falls, VA)
very informative - presenter did great job
Jennifer (La Grange, IL)
Bart Basi is amazing. He is so knowledgeable and interesting to listen to.
Joseph (Eastchester, NY)
James (Washington, DC)
very sharp but understandable discussion of problems, pitfalls in this important area.
Phllip (San Francisco, CA)
Gregory (Brooklyn, NY)
Frank (Norwalk, CT)
Dr. Basi is great!
Gerald (New York, NY)
Robert (New York, NY)
JEFFREY MICHAEL (HOBE SOUND, FL)
WELL ORGANIZED & PRESENTED
Matthew (Chicago Ridge, IL)
Dr. Basi's presentation is very informative.
keith (Marion, IL)
Suzanne (West Palm Beach, FL)
Dr. Basi is excellent!
Roger (Westchester, IL)
Nina (New York, NY)
Engaging and intelligent. I enjoy listening to Dr. Bari and always learn something new that's truly useful.
Ann (Pittsfield, MA)
This course is must!
James (Roselle, IL)
Thank you for a great presentation on Buy-Sell Agreements.
David (Annandale, VA)
James (Las Vegas, NV)
Very informative and got a lot of information across in a little amount of time.
Gerald (mount morris, NY)
Bradley (Wyomissing, PA)
John (Orem, UT)
Very well done.
Walter (Chicago, IL)
Excellent written materials
John (Ridgefield, CT)
Very impressed by the speaker. Clearly knows his stuff and enjoys it.
William J. (Princeton, NJ)
Very well done by an experienced practitioner.
Morse (-, NY)
top notch. Great speaker, knows his stuff, good anecdotes.
Jerry Geza (Flushing, NY)
very capable speaker
Thomas (Shippensburg, PA)
Bart was excellent!
Ayhan (New York, NY)
david (haddonfield, NJ)
best internet presentation speaker was prepared and knew what he was talking about. His presentation was excellent and kept my interest
Robert (New York, NY)
Dmitri (alexandria, VA)
Thomas (Riverside, CT)
Doris (Vernon Hills, IL)
Yet another great program by Bart Bassi! Up to his usual very high standards. Always enjoyable and informative.
Ronald (Corning, NY)
Best speaker I've listened to so far!
Kirk (Warrington, PA)
Bart had a lot of interesting points that I wish I had known about when I went into business with my brother-in-law.
Bernard (New YOrk, NY)
Su (Fullerton, CA)
This was a very informative program. I enjoyed listening to it and would highly recommend it.
Mei (NYC, NY)
Leslie (Cartersville, GA)
packed with content!
Michael (Atlanta, GA)
Mr. Barti was very energetic which was much appreciated.
Mark (Reston, VA)
Basi is great! Have him teach all the courses!
Ann (Boulder, CO)
Robert (Mansfield, OH)
What an outstanding speaker!
Michael (RED BANK, NJ)
very informative interesting knowledgeable
Charles J. (Rome, NY)
Dr. Basi is an excellent speaker.
Edward (New York, NY)
written materials are excellent
Tonye (Denver, CO)
Paul (Philadelphia, PA)
Mona (Long Beach, CA)
Douglas (springfield, NJ)
Very informative course and very dynamic speaker. I would like to have more courses by Dr. Basi.
Sara (Washington, DC)
Excellent lecture, with useful advice
David (Richmond, VA)
B.H. (Irvington, VA)
It included some clauses that I had not thought about. Good information.
Joung Ho (Flushing, NJ)
This Buy and Sell lecture was interesting and informative.
Greg (Bethesda, MD)
Paige Lester (Richmond, VA)
One of his best programs
Laura (Roanoke, VA)
Excellent coverage of the topic.
Walter (Locust Grove, VA)
Great program and written materials.
John (S. Jordan, UT)
David (McLean, VA)
This guy is good...he should talk for two hours based on the written materials. a ton of info in there.
Alan (Chicago, IL)
Richard (Washington, DC)
Great speaker. Very well presented.
Carolynne (New York, NY)
Very good content - a blend of tax and business. Speaker very good - his anecdotes make the material clear.
Kayla (Buffalo, NY)
Uri (Las Vegas, NV)
Hilary (Abingdon, VA)
I always enjoy this speaker. He is so well-informed and provides lots of practical info - and his energy level is great!
Anne (Richmond, VA)
BART BASI IS A PHENOMENAL SPEAKER. HE DOES A FABULOUS JOB HIGHLIGHTING IMPORTANT ISSUES.
Michael (Westerville, OH)
Very passionate about the subject; I use Buy/Sell Agreements frequently in my practice and this presentation was extremely informative.
Andrew (Virginia Beach, VA)
Speaker is highly motivated and entertaining with the way he works personal experiences into the presentation.
Stephanie (Oakland, CA)
Excellent presentation! Packed a lot in a short period of time. Good practical examples.
Ben (Linville, VA)
The man is mercenary...in the best sense of the word. If I had a problem...I'd hire HIM. He could tell me that Rush Limbaugh is a Democrat, and I would question why I thought otherwise for so long.
Mary (Hinsdale, IL)
john (Durango, CO)
Donald (Bradenton, FL)
Outstanding and very informative presentation
Joanne (Carlsbad, CA)
Dr. Basi is easy to understand with real world examples sprinkled in his lectures. Very helpful to any practitioner.
Patricia (Columbus, OH)
Again, surprisingly substantive and informative. Really educational. You all are doing a great job.
Andrew (Kenmore, NY)
Interesting discussion on a very important topic.
Phil (Carmel, IN)
The information relative to taxes and the affects on poorly planned buy sells was very informative.
Anthony (Williamsville, NY)
He was excellent - great speaker - great information, basic, but important.
Jeffrey (Severn, MD)
I really enjoy listening to Mr. Basi!
Matthew (Pittsburgh, PA)
Speaker was enthusiastic about his subject
Claudia (Wilton, CT)
Great program. Very helpful.
June (New York, NY)
It's amazing how much valuable info he can convey in a short time.
Simone (New York, NY)
He definitely is passionate about his subject and that makes it more interesting. thanks Bart
Robert (sarotoga springs, NY)
George (Goochland, VA)
Gregory (New York, NY)
Essential for any lawyer involved in the formation of a closely-held company among multiple shareholders/members.
Kim (La Mesa, CA)
Great presentation. A lot of considerations presented in an understandable manner.
George (Hauula, HI)
Best and highest level yet!
Andrew (New York, NY)
Mr. Basi is passionate on his subject, well informed and communicates very well. I'd have mentioned "funding" and "triggering events" sooner in the program and exlpored them in greater detail. Highly recommended.
Robert (San Francisco, CA)
David (White Plains, NY)
Basi is a very good speaker.
gregory (encinitas, CA)
very well done. packed full of information. good speaker.
Teresa (Cocoa Beach, FL)
As usual, Dr. Basi was an amazing speaker. Informative, practical, and captivating.
Ignacio (Santa Monica, CA)
very good materials
stuart (great falls, VA)
Very clear ..........
George (Richmond, VA)
Exceptionally high marks. Bart is a passionate master of the topic. I wish all CLEs were on the level of this presentation.
Oliver (Lombard, IL)
Informative, excellent content and examples, outstanding presentation.
Daniel (Metaire, LA)
Very thorough for a one hour presentation.
Kimberly (Dallas, TX)
A lot of information in a short amount of time for people who don't normally practice in this area - good.
Ronald (Oxnard, CA)
Wow! This guy is good! Keep him comming....
April (Naperville, IL)
Nice to have a sample document to see implementation of topic discussed.
Peter (White Stone, NY)
C. Richard (Glen Allen, VA)
The program demonstrates the many different (often unexpected) directions from which buy sell issues will arise.
Amy (Frisco, CO)
Khafri (Virginia Beach, VA)
Dr. Basi made a dry topic interesting to listen to. Energetic, down-to-earth style is refreshing. Easy to follow his lecture, and I learnt a great deal about corporate buy-sell agreements that will be helpful in my practice.
William (Lake Forest, IL)
Perhaps one of the best classes I have seen on Lawline.
Gerald (Montclair, NJ)
Any course with Bart Basi is highly recommended.
Thomas (Upper Marlboro, MD)
Cassandra (San Diego, CA)
Steven (Westbury, NY)
Larry (New York, NY)
Cheryl (Waynesboro, VA)
I was not looking forward to this one but the presentation was simply outstanding; informative and interesting
Thomas (Henrico, VA)
Frank (Dunn Loring, VA)
Excellent, although he did get carried away with some of the earlier material, which led to not having time to cover the later material as well.
Edward (Chicago, IL)
well presented, top quality and informative.
marcia (Leesburg, VA)
Charles (Arlington, VA)
Maeve (Alexandria, VA)
John (Fairfax Station, VA)
Excellent program and written material
Aaron (Ashburn, VA)
Howard (New York, NY)
Kimberly (Westport, CT)
I found this course to be very informative and thought provoking. I thought the course flowed well, the speaker was excellent, and there were many useful examples.
Bette (Blue Bell, PA)
Karen (Falls Church, VA)
Very clearly presented by Dr. Basi.
PAUL (NASHVILLE, TN)
DR. BASI IS ONE OF YOUR BEST PRESENTERS AND HIS MATERIALS ARE THE MOST HELPFUL OF ANY COURSE I HAVE TAKEN FROM YOUR COMPANY.
Mark (Wrightsville Beach, NC)
Lynn (Rockville, NY)
I need to search on Dr. Basi because I am hoping he does more presentations. This is my first one on Lawline and he was FANTASTIC and addressed the issues perfectly.
Edward (Chicago, IL)
Great substantive knowledge and useful sample agreement at the end.
Nicholas (DEERFIELD, IL)
A WELL INFORMED ENTHUSIASTIC SPEAKER
Robert (grove city, PA)
Obviously, very knowledgeable! I want to meet this guy!
Samuel J. (Chicago, IL)
Melvin (Jackson, MS)
This was an excellent course on an issue that I always need to have up-to-date perspective regarding.
Max (Cocoa Beach, FL)
By far --- the best of 14 programs I have watched thus far.
Michael (Atlanta, GA)
best online CLE class I have taken
Gary (League City, TX)
superb presentation and materials
Priscilla (Oyster Bay, NY)
His presentation was excellent.
Gregory (McLean, VA)
Excellent presentation by a speaker who has the technical knowledge and hands on experience of working in the area.
Susan (Boston, MA)
Very knowledgeable presenter, who sprinkled presentation with helpful real life examples illustrating why you need a well drafted buy-sell agreement.
Daniel (Glenview, IL)
He was excellent. No nonsense and very direct. Certainly, one of the top three people that I saw in the 24 hours of clasess that I watched. Great job.
Peter (Bala Cynwyd, PA)
informative and helpful
Charles (Temecula, CA)
Excellent! Wonderful grasp of the topic. Incredibly useful comments-- particularly reminding attorneys to step into cash-flow questions on behalf of clients and not just churning out carbon-copy legal product.
Stephanie (Malibu, CA)
the speaker's enthusiasm created greater interest in the subject matter!
Richard (Chicago, IL)
Brent (Lafayette, LA)
This was a very informative seminar which contains valuable advice for those who practice in this area as well as all attorneys.
Danielle (Rockville Centre, NY)
very good information and presentation
Ayesha (Chicago, IL)
Philip (Bronx, NY)
I enjoyed the course
Stephen (Boca Raton, FL)
Very engaging speaker. Learned a lot about a subject I only had limited experience with.
Lewis (Elmira, NY)
A tremendous lecture! I learned a lot and will pursue the material which I would not have.
Laurance (Lisle, IL)
H. Michael (Willowbrook, IL)
very good presentation
Lisa (Chicago, IL)
This guy is great!
James (Chicago, IL)
Charles (St Charles, IL)
This speaker was excellent
Reginald (Peekskill, NY)
Mr. Basi delivered an excellent and simplistic presentation on a subject matter that would otherwise be difficult to grasp. Well done!
Michael (Chicago, IL)
Very practical and useful.
Frances (Lee, IL)
Loved it! Very helpful!
Colleen (Chicago, IL)
Rita (Tuscola, IL)
this is the best speaker I have seen in all your materials
Brenda (Watseka, IL)
I wish it were longer -- AWESOME!!!
Rebecca (Chicago, IL)
Melvin (Ottawa, IL)
Serious presentation well summarized with good pointers on pitfalls and basics.
Konstantinos (Lake Villa, IL)
great speaker, good personality
Bernard (Brookfield, IL)
I have enjoyed all of Dr. Basi's lectures. Is there a way to get his outlines?
Kimberly (Lake Zurich, IL)
Extremely useful seminar not only for your clients but for you as well if you have a small to mid size legal practice.
Daniel (Madison, CT)
Chris (Orland Park, IL)
One of Lawline's best
Albert (Chicago, IL)
Great presentation from knowledgeable and experienced attorney.
Frances (Woodstock, IL)
The program was very enlightening.
Brian (Naperville, IL)
basi was great, as always!
Michael (Chicago, IL)
A good, succinct, matter-of-fact presentation.
Anthony (Chicago, IL)
great information! The speaker is very good.
Anne (Oakbrooks, IL)
Nancy (Chicago, IL)
good speaker, kept me focused, very informative
Mary (Baltimore, MD)
He is a very effective teacher.
Kimberly (Bellaire, TX)
very knowledgeable speaker; holds interest
KAREN (Chicago, IL)
A definite course for business & estate planning lawyers!
Hungtin (Alhambra, CA)
Kenneth A (Cedarhurst, NY)
the speaker was dynamic and forcefull.
Susan (New Braunfels, TX)
This is one of the best courses I have had in a long time. Very pertinent, clear, concise and helpful.
Barbara (Chicago, IL)
Charles (Lumbard, IL)
VERY GOOD! I CAN UNDERSTAND MORE NOW THAN I DID BEFORE ABOUT BUY-SELL AGREEMENTS
Darwin (Roselle, IL)
valuable hand out
William (Englewood, CO)
excellent written materials. . . very useful
Frederick (Rochester, MI)
Excellent presentation and materials
Steven (Pembroke Pines, FL)
Excellent -- tremmendous helpful details... By far, the most substantive lecture I have seen on lawline.
Ann (Naperville, IL)
Jennifer (Milltown, NJ)
Dr. Basi is by far the best speaker I've seen on Lawline. He makes complicated material easy to understand and extremely interesting.
James (Berwyn, IL)
interesting and informative...great seminar!
Fred (Chicago, IL)
Great Program !!
Melvin (Winchester, OR)
This guy is awesome.
William (Rockville Centre, NY)
This guy was great-all around
Victoria (Chicago, IL)
The speaker was very knowledgeable and touched on more than just the basics, including tax and valuation issues. Very helpful!
Kim (Memphis, TN)
Very, very helpful and engaging. One of the best seminars I've heard.
Earl (Belleville, IL)
This is the best one yet.
John (Moorestown, NJ)
I have participated in three of your programs and each was really really good. Keep up the good work!
Jeffrey (philadelphia, PA)
thank god for online cle!
Harold (East Syracuse, NY)
Nancy L. (Ramsey, NJ)
Nicole (Darien, CT)
OK - so I know I have given high remarks to other programs in the past - now I need the ability to give even higher marks. This was the best program I have watched on Lawline. Dr. Basi made a complicated subject understandable and interesting. I could have listened for a few more hours!
Stephen (New York, NY)
Lori (Marlton, NJ)
I liked the material provided
Christopher (Houston, TX)
A must for anyone representing private companies.
Paul V (River Vale, NJ)
Great pointers for buy-sell agreements. Shows issues to be careful for.
richard s (amagansett, NY)
well prepared and well presented
Conway (Washington, DC)
Excellent presentation and delivery.
Brian (New York, NY)
The course was informative and provided clear written materials.
Clark (Beaverton, OR)
Excellent course! Lots of very helpful information. The reading materials will be very useful -- thank you.
Loren (Hemet, CA)
Best written materials of any course thus far. thanks!
Mariano (Los Angeles, CA)
This course is a MUST and should be seen by all practitioners in business law.
Mark (FISHKILL, NY)
great speaker who presented a lot of substance. written material even had a form!!!
karina (Fort Lee, NJ)
This course was very informative.
Brian (Arvada, CO)
Barts the best.
Marilyn (Philadelphia, PA)
Much more interesting than I expected. The instructor did a great job of keeping my attention.
Martha (Kensington, MD)
Vesna (Tillamook, OR)
Cecil (Memphis, TN)
Ducchi (Fairfax, VA)
great written materials to accompany the presentation
rygo (Long Island City, NY)
Good stuff -- didn't really follow the handout but I liked the speaker.
William (Vienna, VA)
Elizabeth (Clifton, VA)
Jonathan (Long Island City, NY)
Dr. Basi is fantastic.
Frank (fairfax, VA)
Emily (Simpsonville, SC)
Just what I've been looking for! The written materials are the best I've seen on Lawline so far. Thank you!
Carl (Richlands, VA)
Robert M (Newport News, VA)
The speaker was very knowledgeable and prepared on the subject matter, and it clearly showed. A very good program for attorneys working with closely held businesses.
Sarah (Topeka, KS)
His comments regarding evaluating the tax consequences of various options was extremely helpful.
Andrew (Rochester, NY)
Dr. Basi is an engaging speaker and makes the topic interesting.
Gentle (Los Angeles CA, CA)
Excellent program, excellent content and delivery. A pleasure to watch.
Bernard (Bloomfield Hills, MI)
well worth the time
Russell (Norfolk, VA)
What a "state of the art" presentation.
Christopher (Anna, IL)
Top notch and information loaded. Wishing Dr. B. had been on the faculty when I attended SIU.
Wayne (Houston, TX)
The speaker is excellent. Very knowledgeable and a great instructor.
john (chicago, IL)
Very good, presentaion and substance
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