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Business Succession & Exit Planning (Update)

(526 reviews)

Produced on August 08, 2019

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$ 59 Business, Corporate, & Securities In Stock
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Course Information

Time 1h 3m
Difficulty Intermediate
Topics covered in this course: Business, Corporate, & Securities

Course Description

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.  

In this course, presented by business and tax law attorney Dr. Bart Basi, learn how to prevent this demise through proper business succession and estate planning for businesses and their owners. 

Dr. Basi discusses the many legal 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:

  1. Identify the goals of management succession
  2. Grasp how to select a successor and other professionals
  3. Establish the value of a company and buy/sell agreements
  4. Discuss how a trust is established and the functions it serves
  5. Discover how to plan ahead with life insurance

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .


Bart 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


Daniel M.

Great course.

Joel M.


Anthony M.

Excellent Presentation. I am going to search for more CLEs on this topic and by Mr. Basi.

Benjamin W.

Faculty was fantastic and kept my attention throughout. Will have to find more of his classes.

Carol R.

I always enjoy his sessions and learn something new too!

Martin H.

It was a little more entry level than I expected. Good for raising awareness for practitioners who have had no prior involvement in the area. Instructor clearly very knowledgeable and experienced.

Mark J.

OUTSTANDING presenter and presentation. One of the best, period.

Christy R.

Really good speaker and content. My favorite so far.

Lorenzo L.

Bart Basi was excellent and literally wrote the book on this topic. Well worth my time!

Gregory B.


Thomas V.

Extremely well presented program

Janet J.

This course is so jam-packed with information, it needs to be expanded to a 6-hour day. Very well done given the time constraints.

Billy J.

Bart is simply the best

Andrew R.

Bart Basi is THE BOMB!

Christopher R.

Fantastic course touching on extremely important concepts for business owners and their hard earned success.

Phillip C.

Excellent presentation!

Blair P.

Very informative

Nancy P.

Excellent speaker

Alan C.

Very good course, very knowledgeable and passionate speaker!

Chanda S.

This is a great CLE for someone who needs to learn the basics about this topic.

Frances B.

Would want him as part of any plan

Stephen N.

I always enjoy this speaker

Karin B.

Excellent program. Very well organized.

Evan S.

Always enjoy Mr Basi's classes

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