Assisting a client with selling their business can be a complicated task, and add in the tax consequences that they may be facing and you may be in over your head if you are not familiar with the process and the planning that needs to take place.
Attorney and CPA Roman Basi presents the fundamental concepts of selling a business and shares real case examples of the strategies that are used to help minimize the tax implications to business owners across the U.S.
This lecture explains in detail the structure of the transaction of selling or transferring a business and how best to minimize the tax liabilities that are created. Mr. Basi also shares with the viewers different methods that can be employed to defer taxes as well as some of the IRS tax rates and forms that are used for the tax analysis and the closing.
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
Excellent speaker and explanations
Good basic overview of the fundamental considerations.
excellent speaker and information
Somewhat challenging material covered very ably. Certainly raised my awareness of issues and the complexity of these transactions.
Very informative. Enjoyed the practical information discussed.
Was interesting for me more as a business owner. Appreciated that it catered to different types of audiences.
This was terrific
It's been some time since I forayed into this subject matter. Mr. Basi kept his lecture succinct and straightforward, which I appreciated.
Attorney Basi was both informative and engaging. Excellent program.
great introductory course on tax biz planning
This presenter was OUTSTANDING.
i recommend Lawline to colleagues all the time!
very helpful on buying and selling a business