Business Succession & Exit Planning

(816 Ratings)

Produced on: November 05, 2014

Course Format On Demand Audio

Taught by


Course Description

Time 61 minutes
Difficulty Intermediate

The biggest threat to your business is not competition, the government, or even taxes.  The biggest threat - the event that tends to be most detrimental to the business - is, quite simply, the business owner passing away.  Many businesses lacking a succession plan go into the grave with the owner of the business.  


Learn how to prevent this through proper business succession and estate planning for businesses and their owners. 


In this course, Dr. Bart Basi discusses the issues related to business succession and planning for future generations. He examines a variety of estate planning devices, including selecting professionals, choosing a successor, valuing a company, buy/sell agreements, trusts, planning with life insurance, and estate and tax laws.


Learning Objectives:

I.     Understand the goals of a management succession

II.    Grasp how to select a successor and other professionals

III.   Establish the value of a company and buy/sell agreements

IV.   Understand how a trust is established and functions

V.   Discover how to plan ahead with life insurance





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


Ronald B.

Dr. Bart is quite informative and thorough.

Karen M R.

Excellent presentation

David B.

Excellent program!!

Kevin K.

Mr. Basi knows his stuff.

Chris R.

Bart’s courses are always magnificent

Joseph C.

Excellent instructor. Valuable topics.

Heather C.

Love Bart! Always informative

Andrew P.

Dr. Basi is a fantastic presenter and a fountain of great information!!! More programs from him please!!!

Tracy W.

I enjoy This speaker & would listen to his other programs. He is enthusiastic & has obviously been successful. He was a bit over the top on his success in this program.

Kristine S.

One of the best instructors you guys have.

Seth B.

one of the best teachers to listen to. Thorough and well versed.

Robert M.

Excellent presentation.

Ander S.

Excellent overview course! Nice mix of basic concepts with some depth.

Arthur R.

Dr. Basi did an excellent job as usual.

Steven S.

Friendly and useful course. Funny teacher.

Leonard G.

Very good course.

Scott J.

Great course!!

Laurie B.

Very good presenter.

Martha M.

Professor extremely knowledgeable and presentation kept my attention.

John G.

excellent presenter and program

Mark D.

VERY GOOD INFORMATION and informative lecture. Very comprehensive and wall to wall information, strategies and pitfalls. Very good insights and advice.

Faye L.

Very knowledgeable presenter. Learned a lot.

Mark S.

Bart Basi is one of your best lecturers.

Nina K.

Bart is terrific. Personable, engaging, gives real-world examples to explain how the concepts play out, and doesn't get lost in the thicket of legalese.

Louis M.

Excellent, Knowledgeable speaker.

Richard M.

Great topic!

Olufemi T.

Best CLE presentation I ever had!!

Linda L J.

Useful information.

Derek G.

Bart was excellent - very enthused and passionate about what he does.

James D.

Very good speaker.

Heather C.

Another excellent presentation by Bart. I really enjoy his content!!

Marc S.

MORE !!!

J Gregory F.

Best hour of learning in a very long time.

mitsuko o.


Neil G. W.

An excellent job of exploring the range of considerations.

Thomas H.

very Experienced

Diane R.

Excellent content and presentation

Andrew S.

wish we had more time to listen to this gentleman speak.

Karl O.

Good overview.

Wilson L.

Very professional and knowledgeable speaker

Michael M.


Wynn K.


Mary Ellen P.

I always enjoy Bart Basi's programs!

Jessica J.

Dr. Basi was an effective presenter and very interesting. I enjoyed the way he included real life examples in the presentation. I would definitely like to take another one of his training classes again.

Martin W.

Very good presenter, always well articulated

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