On Demand Audio

Tax Planning When Preparing to Sell a Business

(459 reviews)

Produced on November 05, 2018

Taught by
$ 59 Business, Corporate, & Securities Law In Stock
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Course Information

Time 61 minutes
Difficulty Intermediate

Course Description

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.


Learning Objectives:

  1. Break down the different corporate structures and how they play in role in planning for the sale or transfer of a company
  2. Identify methods of how to transfer a business, such as an asset sale vs. stock sales
  3. Address issues of tax deferrals
  4. Appreciate the different classification of taxes that will apply

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .

Faculty

Roman Basi

The Center for Financial, Legal & Tax Planning, Inc.

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

   * Productivity

   * 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



Reviews

TD
TRACEE D.

Excellent speaker and explanations

DT
David T.

Good basic overview of the fundamental considerations.

JC
James C.

Great

JD
John D.

excellent speaker and information

JL
Jennifer L.

Somewhat challenging material covered very ably. Certainly raised my awareness of issues and the complexity of these transactions.

RH
Robert H.

Very informative. Enjoyed the practical information discussed.

MF
Mika F.

Great program!

JE
Joelle E.

Was interesting for me more as a business owner. Appreciated that it catered to different types of audiences.

AK
Alan K.

Good prorgram.

TM
Thomas M.

This was terrific

VA
Valerie A.

It's been some time since I forayed into this subject matter. Mr. Basi kept his lecture succinct and straightforward, which I appreciated.

GC
Geraldine C.

Attorney Basi was both informative and engaging. Excellent program.

SD
Sonya D.

great introductory course on tax biz planning

WG
William G.

Thank you.

KK
Kathleen K.

This presenter was OUTSTANDING.

ML
Melissa L.

i recommend Lawline to colleagues all the time!

RH
robert H.

Very helpful

EZ
Eric Z.

great job!

RS
Robert S.

very helpful on buying and selling a business

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