On Demand

Essentials

Personal Goodwill in Business Transactions and Mergers and Acquisitions (Update)

1h 4m

Created on November 03, 2022

Intermediate

CC
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Course Price

$79


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Overview

Join attorney Roman Basi, President of The Center for Financial, Legal & Tax Planning, Inc., as he discusses the concept of "personal goodwill" and how it relates to business transactions and mergers and acquisitions. While personal goodwill 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.

This program will address differences between personal goodwill and company goodwill. This program will attempt to define "goodwill" and how the concept applies to legal issues and tax issues in business, including in mergers & acquisitions. 


Learning Objectives:

  1. Define "personal goodwill" in the context of business transactions and mergers and acquisitions

  2. Analyze the difference between corporate goodwill and personal goodwill

  3. Identify how and when to apply the concept of corporate goodwill and personal goodwill

  4. Breakdown the legal and tax implications, following specific current cases

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