Join attorney Roman Basi as he discusses the concept of “personal goodwill” and how it relates to specific legal and tax issues. Personal goodwill is sometimes referred to as professional goodwill since it commonly arises in professional practices, though it is an intangible value attributable solely to the efforts or reputation of an owner and/or employee of a company. The phrase appears nowhere in the Internal Revenue Code, United States Code Annotated, or any state statute, but is no longer an obscure concept and is now a well-recognized concept in tax law.
Mr. Basi will address differences between personal goodwill and company goodwill and help to define “goodwill” and how the concept applies to legal issue and tax issues in business, including in mergers & acquisitions.
Roman Basi graduated from Millikin University in 1997 with a Bachelor’s of Science Degree. In addition, Roman holds a Master’s in Business Administration and Juris Doctor from Southern Illinois University. Roman is a licensed Attorney in the states of Illinois, Missouri and Florida. Roman is a licensed Real Estate Broker in the State of Illinois. Roman is also a licensed Title Insurance Agent with Attorney Title Guaranty in Illinois. He is currently working towards obtaining his CPA license.
Roman has been published in the following trade journals:
* Illinois State Bar Association - Section on Federal Taxation
* Agency Sales
* Industrial Distribution
* Supply House Times
* Distributor Link
* I.D.A. Management Journal
Roman is a member of the following organizations:
* Illinois Bar Association
* Federal Taxation Section Council
* Florida Bar Association
* National Association of Realtors
* Illinois Association of Realtors
* Egyptian Board of Realtors
* Marion Chamber of Commerce
* Marion Main Street
Solid introductory course on the subject.
I enjoyed the program.
If you are doing a lot of business transactions this program is a must
Roman's seminars are always top notch.
Very efficient presenter. Effective use of examples.
Probably the best course I have participated in at Lawline. Perfectly pitched and very good background explanations. Great teacher!
Like his father, terrific speaker/educator!!