The Buy-Sell and Shareholder Agreements

(864 Ratings)

Produced on: November 06, 2014

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 62 minutes
Difficulty Beginner

When times get tough, your client had better have a buy-sell agreement. Buy-sell agreements are the most important document in any multi-owner business.  If one is not present due to a death, divorce, incapacity, or a host of other occurrences, it’s already too late for your client. See why and what are needed for a buy-sell agreement.

 

Learning Objectives:

I.      Know the basic forms of buy-sell agreements

II.     Understand the differences between cross purchases and stock redemption

III.    Grasp the different tax considerations in buy/sell agreements

IV.    Identify a corporate cross-purchase

V.     Recognize the common valuation issues in a buy/sell agreement

VI.    Comprehend important tax considerations

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

EF
Ellyn F.

Good presenter. Easy to listen too.

PC
Peter C.

He is a wonderful speaker

JB
joseph b.

Instructor is excellent and communicates very effectively.

BK
Briana K.

This program was exactly what i was looking for.

AM
Allan M.

Very helpful.

RB
Ronald L. B.

Mr. Basi's presentations are always excellent.

LR
Linda R.

Very strong presenter, "meaty" material. Well done!

MW
Michael W.

Bart is a great lecturer.

CR
Chris R.

Excellent seminar

MK
Matthew K.

Thorough and clear. Thank you.

EP
Ernest P.

Great program! One of the best so far.

AR
Arthur R.

Dr. Basi did an excellent job of explaining the issues relating to buy and sell agreements.

ES
ERIK S.

Great presentation!

LC
Laura C.

Good materials.

AP
Anthony P.

Learned something new - cant say the same for many of the other courses. This guy is fantastic.

LF
Lawrence F.

He is an excellent lecturer

VH
Valerie H.

Very helpful.

JN
James N.

Thanks, very useful course!

DO
David O.

Excellent Program. Lecturer was very easy to listen to and very knowledgeable.

JP
Jane P.

Excellent presentation!

AP
Albert P P.

Speaker packs a lot of information quite concisely. Excellent.

RC
Richard C.

Excellent program.

MM
Myron M.

Love Bart!

BA
Bernard A.

excellent instructor

JD
John D.

Dr. Basi is fantastic. He explains the subject matter very well and keeps the listener engaged.

EM
Edgar M.

Expert and superb presentation.

RB
Roy B.

Excellent presenter

SR
Sarah R.

More detailed materials would have been appreciated.

CH
Clayton H.

I very much enjoyed the presenter's enthusiasm for the subject matter. Great personality.

ME
Melissa E.

Excellent!

AR
Andrea R.

The speaker was easy to understand,gave excellent examples which were uncomplicated and eay to follow. Thoroughly enjoyed this presentation.

LN
Laura N.

Clear, understandable presentation. I would love to see some forms in the course materials.

TB
Thaddeus B.

Another very informative one from Dr. Basi

DS
Darryl S.

The instructor is very clear in his presentation. He made his talk very interesting.

LM
Leo M.

Excellent program!

NA
Nelson Kyunam A.

Great!

AA
Andrew A.

Good 101 course,

PB
Patrick B.

Great speaker

RS
Robert S.

Great practical guidance.

KP
Karen P.

one of your best courses.

BW
Bruce W.

Very well done. Touched on most relevant topics with very useful anecdotes.

CG
Charles G.

excellent speaker

JW
john w.

good program, worth rewatching.

DL
David L.

This was a very good course on Buy-Sells.

AW
Andrea W.

Very informative

HS
Herb S.

One of the best courses you have.

ML
Mary L.

would like to have received a sample agreement

DM
Demyra M.

Love this Professor. Very Knowledgable and great delivery!

CB
Charles B.

Dr. Basi did a phenomenal job! He was incredibly engaging!

RS
richard s.

very informative.

JH
John H.

Basi is fantastic. Another good lecture. I enjoyed the idea of using non-negotiable notes and/or life insurance as payment methods to pay capital gains rates. Small thing, big difference.

IP
Ira Miles P.

Again, very easy to listen to and follow. Enjoyable presentation.

DB
David B.

great speaker

RI
Richard I.

This is excellent and very easy to follow.

RL
Robert L.

Great Speaker. I would highly recommend this course.

LG
Larry G.

Very good presentation. I enjoyed the real life cases used to explain concepts.

RB
Robert B.

Excellent presentation

SN
Stuart N.

Lecturer was excellent and organized

KT
Karen T.

Excellent program. Great speaker and very organized. Valuable information.

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