Deal Structuring: A Case Study on Tax and Legal Issues in Buying and Selling a Business

Buying and selling a business is never an easy task. Tax issues regarding depreciation recapture, personal goodwill, estate tax issues, gift tax issues and even ordinary income tax issues arise in every deal. Picking the right entity structure, structuring the deal properly and other legal matters also arise. Dr. Basi adopts a case study approach to address these items and more.

Learning Objectives: 

I. Grasp considerations including:

• Cash to Accrual Accounting 
• Amended Returns 
• Personal Goodwill 
• Equity Structure 
• Research and Development Credit

II. Gain familiarity with: 

• S Corporation 2% Rule 
• Built-In Gains 
• Small Corporation Exclusion 
• Limited Liability Companies

III. Understand the applicability of the Patient Protection and Affordable Care Act