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

(1601 Ratings)

Produced on: July 28, 2015

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 61 minutes
Difficulty Intermediate

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

 

 

Faculty

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.

Education

  • 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

Reviews

DS
Darryl S.

The program was very relevant to the work I do. I enjoyed the substance of the presentation.

KC
Kimberly C.

Presenter was great. Would love additional lectures on this subject

KK
Kathleen K.

excellent

TM
Thomas M.

Bart is the best!

SJ
Stuart I. J.

Very informative

JA
James A.

really good program

MS
Michael S.

This guy is really good. I enjoy every one of his presentations and always learn quite a bit.

LF
lance f.

I would take any tax lecture Bart does

JH
Jordan H.

A very thorough and well explained presentation. I will have to attend another of Dr. Basi's courses.

DM
Donald L. M.

Good info R&D tax credit and on structuring transactions for best tax results.

GR
Gary R.

Always like him as a lecturer

DD
Dave D.

Good style by speaker

LC
Lawrence C.

Very good program.

ML
Michael L.

great overview

PW
Patric W.

I really like the speakers energy and enthusiam

AR
Andrea R.

Dr. Basi is terrific ! Every one of his courses are well presented and easy to understand. I always come away with knowledge that will help me in my practice , knowing where to turn if I need to explore the issue in greater detail. He is, hands down, one of my favorite presenters !

RL
Roger L.

Dr. Basi was very informative. Presented tax issues in an understandable fashion.

JH
jeffrey h.

excellent presentation

DH
Dennis H.

Asa always, this particular instructor is interesting and informative.

LL
Lorenzo L.

This was an exceptionally well organized and presented lecture.

JR
James R.

Dr. Bart gives his usual great presentation!

TG
Tom G.

Great reminder of how tax consequences can make a deal.

SS
Sarah S.

Very glad I took this course. Excellent.

DW
David W.

Excellent course with a highly knowledgable instructor.

BS
Bennie S.

Very good program.

CW
Charles W.

Very good presentation.,

BB
Betty B.

Excellent course . Very informative

JH
James L H.

A very professional treatment of an extraordinarily complex area of business law. Exceptionally well done.

AS
Andrew S.

Excellent program! Would recommend to any lawyer who regularly deals with sales of businesses.

FW
Francine D. W.

Excellent

RN
Ralph N.

Outstanding.

RN
Robert N.

I learn more from Bart than anyone. Another outstanding CLE.

CK
Cheryl K.

great.

MJ
Mark A. J.

Bart is very informative in a short period of time.

JF
Janine F.

very good presenter

DK
Don K.

very pleased

LS
Larry S.

A very knowledgeable and articulate presenter. I enjoyed it.

LB
Laurie B.

Very good faculty presenter.

JS
jon s.

Excellent. More Bart Basi!

JC
John C.

Extremely useful content for non-tax attorneys. Well worth the time.

DG
Daniel G.

Excellent presentation. Definitely hit the high point without getting lost in details. Example cases were very helpful.

LF
Larned F.

excellent

AW
ALAN W.

great

CJ
Chris J.

Always love Dr. Bart and his case studies.

SG
Stephanie G.

Just wow! That is all.

CC
Catherine A. C.

I enjoyed the presentation of the material based on case studies.

JB
jack b.

great overview...many excellent points...

RJ
Rebecca J.

Great presenter

MZ
Maxwell Z.

Very good.

JW
Joslyn W.

Excellent...would like a longer program on the same topics!

CM
Chris M.

Excellent presentation. Mr. Basi is a top notch presenter.

JK
Jeff K.

Great!

JD
John D.

Excellent program...

RK
Robert K.

Best presenter on Lawline that I have experienced

DC
deirdre a c.

awesome

PS
Phil S.

Very good presenter.

HR
Homer R.

Excellent presentation

KB
Kelvin B.

Excellent presentation. The mixture of accounting, taxes, business and law were excellent.

VS
Vera S.

Excellent.

JS
Jack S.

Awesome presenter Always does a great job

AL
Alfred L.

Excellent!

MU
Mark U.

Could have made this a longer course with more case studies!

KM
Kenneth Lee M.

The best yet.

RS
Robert S.

Wish in would have been longer. Information was very helpful.

BS
Benjamin S.

Excellent presentation. Would love to see more from this speaker.

AF
Andrew F.

Bart Basi is an excellent presenter.

BB
Boe B.

Very good and informative.

ML
Maxwell L.

One of the best and most important seminars i have ever attended.

TB
Tracy B.

practical examples of deal structuring issues and resolution.

JB
Jerod B.

Great speaker, i would take all his cle's

LL
Lawrence L.

bart is the most interesting speaker you have

RG
Rosemary G.

Excellent!

BS
BRUCE S.

Extremely informative. So much so that I'll probably watch a second time so ALL the information sinks in!

KC
Kenneth Wade C.

outstanding course and speaker

DM
Diane M.

Could easily have spent more time on this subject with this speaker. He is very knowledgeable and clear in his presentation.

DD
David D.

Mr. Basi is the best! Love his lectures.

JE
Jeff E.

Very lively. Good real world examples.

NW
Neil G. W.

As always, this presenter is a veritable fount of useful information.

CB
christine b.

would have liked more time and more info on this topic - very interesting and the speaker's experience very helpful

MV
Mark V.

Basi is the best!!

KT
Karen T.

Awesome course. Want even more case studies!!

SI
Sol I.

Excellent course and excellent presenter/instructor!

SW
Susan L. W.

Quite thorough when dealing with issues so

RS
Robert S.

A must for amy person involved in M&A's

AM
Angela M.

This was an excellent program. I am recommending to non-lawyer professionals as well.

TP
Tue P.

Excellent presentation

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