Advising Your Business Clients in Good Times: Key Legal And Business Strategies

(676 Ratings)

Produced on: July 28, 2015

Course Format On Demand Audio

Taught by


Course Description

Time 61 minutes
Difficulty Intermediate

During recessions, businesses and their owners take specific actions to survive and weather any given storm. In good times, business clients may not know the various advantageous opportunities to help them maintain and grow a successful business. Attorneys can assist their clients in identifying those opportunities and take actions to not only ensure compliance and success but also to survive the next downturn.


Learning Objectives:

I.  Grasp common legal and business problems 

II. Understand the various issues including:

  • Inventory 
  • Receivables 
  • Expenses 
  • Restate Income Statement 
  • Restate Balance Sheet 
  • Deductions 
  • Cash v. Accrual Recognition

III. Understand succession planning considerations

IV. Recognize various legal and business strategies


Dr. Bart A. Basi

The Center for Financial, Legal & Tax Planning, Inc

Dr. Basi is a specialist in the areas of business succession, business valuation, mergers and acquisitions, retirement and estate planning, strategic planning, and tax aspects of business decisions for closely held and family businesses. He speaks nationwide, writes, and researches on all of these areas. He has written five loose-leaf bound books, over 300 articles, and has worked with hundreds of businesses and associations. Journals that have published Dr. Basi’s work include Money Matters, The American Journal of Small Business, the Journal of Family Law, The Journal of Estate Planning, The Tax Lawyer, Small Business Taxation, Taxation for Individuals, Taxation for Accountants, Taxation for Lawyers, The CPA Journal and The Tax Executive.

Dr. Basi is the author of “The Tax Report,” a bi-monthly report on income and estate tax matters for closely-held businesses, “Accounting and Taxes,” a monthly column distributed to individuals and trade journals, and the “Tax Tip,” a monthly tax advisory for the closely-held and family business.


  • Bachelor’s Degree in Accounting, Utica College of Syracuse University
  • Master’s Degree in Business Administration, Syracuse University
  • Juris Doctor in Law, University of Louisville
  • Doctorate in Economics and Accounting, Indiana University
  • Post-Graduate study in Taxation, Stanford University

Professional Licenses

  • Certified Public Accountant – Indiana (1967-2000)
  • Attorney at Law:
  • Kentucky (1969)
  • Pennsylvania (1972-1982)
  • Illinois (1978-present)
  • New York (2010-present)

Academic Affiliations

  • Currently holds the rank of Professor Emeritus at Southern Illinois University.
  • Formerly affiliated with Penn State University, Indiana University, The University of Louisville, and Syracuse University specializing in corporate taxation, estate planning, and business valuations.

Business Affiliations and Memberships

  • Senior Advisor, The Center for Financial, Legal and Tax Planning, Inc. The Center values approximately fifty companies per year.
  • Memberships have included the American Bar Association’s Tax Committees on estate and gift taxes, business succession, and business planning and valuation.

Former Awards, Honors and Recognitions

  • Listed in Harvard Business School Profiles in Business and Management: An International Directory of Scholars and Their Research.
  • Recipient of educational grants for advanced course work in Taxation from the Practicing Law Institute, New York.
  • Listed in The Tax Analyst Directory and the Lexis Computer Tax Library as a tax professional in the U.S., specializing in family and closely held companies.
  • Listed in Who’s Who: Comprehensive and National Registries; International Registry; Leading American Executives, and Among America’s Teachers.
  • Listed as an expert in taxes and business valuations in the Wisconsin and Illinois Register of Expert Witnesses.
  • Member of Phi Kappa Phi, national honorary, Beta Alpha Psi, accounting honorary, and Beta Gamma Sigma, business honorary.
  • Member of the Institute of Business Appraisers


David G.

Very helpful.

Mary Lee C.

Superb speaker! So knowledgeable and experienced. Hope to listen to him again.

Daniel K.

Very useful for attorneys advising any kind of small or medium business client.

Robert B.

Excellent presentation

Karen M R.

presenter is excellent

Christine R.

great program

Gal G.

Great course.

Salie O.

Very useful and informative presentation.

Patricia R.

He is one of my favorite presenters.

Benjamin D.

Very engaging. Excellent presentation.

Charles W.


Intisar R.

This program was exceptionally good. He has a great teaching style, very organized.

Kathryn T.

Clear and helpful.

Laura N.

Always a great lecture.

Laurie B.

Very good presenter.


EXCELLENT!! Knows his subject & presents it in the best manner. THANKS MR BASI!!

John C.

Basi is well informed and has some other excellent courses here. This one focused on business counseling and was lighter on pure legal issues.

Kristopher B.

This is an excellent course. I really enjoyed the many stories from the presenter's experience practicing business and tax law, as well as the focus on practical yet substantive aspects of advising business clients.

Larned F.


Theodore W.

Good advice on valuations of business.

Chris J.

Always enjoy courses by Dr. Bart.

Phillip C.

Dr Basi's presentations are always very good.

Julianne I.

Great insight and super practical advice!

B.Casey Y.

Great information as to business advice to clients; would recommend

Chris M.

Great program.

John D.

The presenter was excellent in presentation of this information.

Robert K.

excellent CLE course with superior teacher

Jerod B.

good speaker

Bruce N.

Excellent, valuable information

Andrew F.

Dr. Basi is delightful always.

Rosemary G.


Heather C.

What an enjoyable and talented presenter and advisor. Fabulous presentation!

Ann W.

I always look forward to Dr. Basi's seminars.

Amy O.

he's awesome as usual

Neil G. W.

His usual high quality presentation.

Sol I.

Best speaker on your roster.

Nanette C.

Excellent: clear and focused.

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$ 59 Business, Corporate, & Securities Law In Stock


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