Deal Structuring in Buying and Selling a Business

(867 Ratings)

Produced on: November 05, 2014

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 64 minutes
Difficulty Beginner

In this course, Dr. Bart A. Basi uses his expertise to provide an in-depth analysis of business deals and the tax ramifications of each acquisition or sale.

Specifically, he describes the different tax consequences in a deal relating to a sole proprietorship, general partnership, limited partnership, limited liability company, and various corporation entities.   In addition, he also discusses the many types of deals that exist, and talks about the purpose and process behind each one.  

Included in the seminar are sample documents, necessary research and due diligence, and the various aspects of business negotiations.  This is an interesting introductory course that will have an appeal to lawyers and accountants in many areas.


Learning Objectives:

  1. Understand the different types of entities
  2. Know the purposes for an acquisition
  3. Become able to explain the process behind an acquisition
  4. Be aware of the methods of performing due diligence
  5. Understand what to look for in acquiring a new business
  6. Foresee the problems in buying or selling a business

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
Daniel S.

Great CLE with lots of useful information.

KR
Karen M R.

Terrific program

BM
Brant M.

The most I watched Dr. Basi the more I enjoyed and appreciated his wealth of practical experience, his breadth of knowledge and his love of teaching.

TM
Thomas M.

I've heard him lecture before; he is one of the better lecturers.

MS
Michael S.

Superb presenter! I'm now going to find other courses he's done!

WB
william f b.

thorough outline of a complex subject

JB
Jonathan B.

Wow. Thank you for excellent presentation.

TL
Tara L.

Fantastic !

SR
Steven R.

one of the best programs i've heard

JD
Jonathan C. D.

One of the best lawline presentations. Presenter oozed authority and credibility.

ML
Michael L.

great overview

TT
Terry T.

One of the BEST CLE's I have taken on here. Very practical. Will be taking more of his courses. Thanks!

RN
Ryan N.

Great presentation.

AR
Andrea R.

Dr. Basi gives another fabulous presentation. There is so much invaluable information here which will prompt me to relocated to it!

TG
thomas g.

Extremely informative

SB
Seth B.

truly one of the best presenters I have come across!!

SK
Scott K.

Great. Very practical.

AR
Arthur R.

Excellent presentation by Dr. Basi

JD
Jonathan D.

Incredible faculty!

FW
Francine D. W.

Great program

AS
Anupa S.

This Instructor is excellent! I am viewing all of his courses!

BB
Bryan B.

Excellent program.

TT
Terrel T.

Thank you

GW
Gregory W.

Bart was the best speaker of the series so far.

LB
Laurie B.

Very good presenter.

GD
Gregory D.

The word "taxes" makes my eyes glaze over, so it was very helpful to hear an accountant who could explain what I need to know in simple terms. This program helped me understand the basic types of business purchase transactions, and warned me where all the land mines are. The big take away is "call in the accountant early and often."

MH
Melissa H.

Excellent instructor!

MM
Melanie M.

Very insightful and valuable.

HC
Heather C.

Always Love Dr. Basi's classes!

MP
Matthew P.

great

RL
RONALD L.

Way more informative than I expected. Mr. Basi really talked about the reasons why attorney and accountant are needed in a M&A. Save money!

DG
D. Larry G.

The best. I wish each lecture could be this lively and informative. Thank you Lawline and Dr. Basi.

JA
James A.

Very good presenter.

JB
Javier B.

Excellent speaker!

SA
Shelly A.

A professor passionate about his field makes a pretty strong and convincing presenter.

PS
Peter S.

Very good speaker and very knowledgeable.

CN
Christy K N.

Excellent speaker and excellent teacher. This needs to be a longer course. Thank you.

MW
Marvin W.

Really hit hard on tax consequences or structure and need to restructure deals to account for these

DR
Diane R.

Excellent content and presentation

CF
Chris F.

Nicely done, easy format

DC
David C.

Bart Basi was confident, knowledable and entertaining.

LF
Lawrence F.

Extraordinary speaker. Always enjoy his presentations.

TR
Thomas C. R.

I don't recommend often...but this guy is the best. I'm taking all of his courses.

SC
Sharon C.

Fantastic

HJ
Harris J.

very, effective communication of many useful pointers

KP
Karen P.

this professor is great.

MS
Mary-Lisa S.

Bart Basi is great!

RB
Richard B.

Very engaging presenter

DE
Dina E.

Dr.Basi is excellent.

AP
Andrew P.

The Dick Vitale of Business Transactions! Great presentation!

RH
Rod H.

Very passionate about his subject. A little fast in his delivery, but great practical information and tips from an obviously very seasoned player still on his game.

JK
Jamilee K.

Mr. Basi gave an excellent presentation. I would happily watch another presentation of his.

MM
Miranda M.

One of the best and most entertaining presentations I have ever watched.

CK
Christian K.

Very informative

SK
Susan K.

Excellent speaker and presentation

FJ
Frederick J.

Excellent orator

HM
Hwesu M.

Clever guy. Knows his stuff.

SS
Stacey S.

By far the best speaker I've encountered so far! Wonderful!

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