Business & Securities Law

4.31

Business Succession Tactics to Future-Proof Family Legacies

Credits Available
Credit Status Total
Alaska CLE Approved 3 Total
Alabama CLE Approved 3 Total
Arkansas CLE Approved 3 Total
Arizona CLE Approved 3 Total
California CLE Approved 3 Total
Colorado CLE Approved 4 Total
Connecticut CLE Approved 3 Total
Delaware CLE Approved 3 Total
Florida CLE Approved 3.5 Total
Georgia CLE Approved 3 Total
Hawaii CLE Approved 3 Total
Iowa CLE Upon Request 3 Total
Idaho CLE Approved 3 Total
Illinois CLE Approved 3 Total
Indiana CLE Approved 3 Total
Kansas CLE Approved 3.5 Total
Louisiana CLE Approved 3 Total
Maine CLE Approved 3 Total
Minnesota CLE Approved 3 Total
Missouri CLE Approved 3.6 Total
Northern Mariana Islands CLE Approved 3 Total
Mississippi CLE Approved 3 Total
Montana CLE Approved 3 Total
North Dakota CLE Approved 3 Total
Nebraska CLE Approved 3 Total
New Hampshire CLE Approved 3 Total
New Mexico CLE Approved 3 Total
Nevada CLE Approved 3 Total
New York CLE Approved 3.5 Total
Ohio CLE Approved 3 Total
Oklahoma CLE Approved 3.5 Total
Oregon CLE Approved 3 Total
Pennsylvania CLE Approved 3 Total
Rhode Island CLE Upon Request 3.5 Total
South Carolina CLE Approved 3 Total
Tennessee CLE Approved 3 Total
Texas CLE Approved 3 Total
Utah CLE Approved 3 Total
Vermont CLE Approved 3 Total
Washington CLE Approved 3 Total
Wisconsin CLE Approved 3.5 Total
West Virginia CLE Approved 3.6 Total
OnDemand
2 hours 52 minutes
Steven Horowitz
With Steven A. Horowitz from Horowitz & Rubenstein, LLC
Recorded February 20, 2025
Product ID 99644

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Overview

How to Determine the Best Course of Action and Implement the Transition

Family businesses are often more than a source of income: they're tangible avatars of your clients' hopes and dreams for a better future, memories of a life spent building something together. Helping clients plan for life beyond the "family store" is both vital and complex. This guide sums up key considerations and tasks of the three major options: transfer, sale, and dissolution. Learn how to determine the best course of action, prepare the business for impending changes, and negotiate for the best outcomes. Register today!

  • Prepare for sale or transfer with tips for thorough understanding of each family business.
  • Ensure business continuity and map out the transfer in intrafamily succession.
  • Maximize takeaway value when selling to third parties.
  • Take the family's retirement, disability, and estate planning into consideration.
  • Protect grantor(s) and successor(s) from needless creditor exposure.
  • Prevent and resolve commingling of personal and business assets.
  • Map out the transfer to ensure no steps are missed.

Abbreviated Agenda

  1. Goal Setting and Mapping Out the Plan
  2. Intrafamily Transfer/Succession
  3. Family Business Exit and Sale
  4. Planning for Dissolution

Related Topics

Product ID 99644

Credit Details

Credits Available
Credit Status Total
Alaska CLE Approved 3 Total
Alabama CLE Approved 3 Total
Arkansas CLE Approved 3 Total
Arizona CLE Approved 3 Total
California CLE Approved 3 Total
Colorado CLE Approved 4 Total
Connecticut CLE Approved 3 Total
Delaware CLE Approved 3 Total
Florida CLE Approved 3.5 Total
Georgia CLE Approved 3 Total
Hawaii CLE Approved 3 Total
Iowa CLE Upon Request 3 Total
Idaho CLE Approved 3 Total
Illinois CLE Approved 3 Total
Indiana CLE Approved 3 Total
Kansas CLE Approved 3.5 Total
Louisiana CLE Approved 3 Total
Maine CLE Approved 3 Total
Minnesota CLE Approved 3 Total
Missouri CLE Approved 3.6 Total
Northern Mariana Islands CLE Approved 3 Total
Mississippi CLE Approved 3 Total
Montana CLE Approved 3 Total
North Dakota CLE Approved 3 Total
Nebraska CLE Approved 3 Total
New Hampshire CLE Approved 3 Total
New Mexico CLE Approved 3 Total
Nevada CLE Approved 3 Total
New York CLE Approved 3.5 Total
Ohio CLE Approved 3 Total
Oklahoma CLE Approved 3.5 Total
Oregon CLE Approved 3 Total
Pennsylvania CLE Approved 3 Total
Rhode Island CLE Upon Request 3.5 Total
South Carolina CLE Approved 3 Total
Tennessee CLE Approved 3 Total
Texas CLE Approved 3 Total
Utah CLE Approved 3 Total
Vermont CLE Approved 3 Total
Washington CLE Approved 3 Total
Wisconsin CLE Approved 3.5 Total
West Virginia CLE Approved 3.6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Goal Setting and Mapping Out the Plan

    1. Getting a Clear Picture of the Client's Current State of Affairs
    2. Family Dynamics
    3. How is the Family Business Structured, Owned, and Operated?
    4. Exit Planning: Maximizing Takeaway Value
    5. Succession Planning: Ensuring Business Continuity
    6. Individual Retirement, Disability, and Estate Planning Considerations

  2. Intrafamily Transfer/Succession

    1. Ownership and Control: Voting Rights, Dividends, Profit Sharing, etc.
    2. Establishing Fair Market Value for Transfer
    3. Buy-Sell Agreements
    4. Business Entity Structure/Conversion
    5. Family Governance and Conflict Resolution Mechanisms

  3. Family Business Exit and Sale

    1. Business Valuation
    2. Preparing a Family Business for a Sale (Getting All the Financials in Order)
    3. Detangling the Personal From the Corporate (Preventing/Resolving Asset Commingling)
    4. Researching Buyer(s)
    5. Negotiation and Deal Structuring
    6. Tax Implications
    7. Asset Protection
    8. Post-Sale Arrangements: Employment, Consulting, Non-Competes, etc.

  4. Planning for Dissolution

    1. Reviewing Business Bylaws Dissolution Provisions
    2. Sale and Division of Assets
    3. Liability Allocation
    4. Contractual Obligations
    5. Employee Matters
    6. Dissolution Filing
    7. Tax Planning

Who Should Attend

This legal course is designed for attorneys. Accountants, business advisers, entrepreneurs, and paralegals will also benefit.

Speakers

Steven A Horowitz
Steven A.
Horowitz
Horowitz & Rubenstein, LLC
Speaker bio
Steven A Horowitz

Steven A. Horowitz

Horowitz & Rubenstein, LLC
Steven Horowitz

is a founding partner at Horowitz & Rubenstein, LLC, a law firm specializing in taxation. He is a person who embraces change and always finds a way when others say it is not possible. Mr. Horowitz is a man who has been instrumental in arguing several issues that have become law. He is very philanthropic and enjoys helping and educating others. This is why Mr. Horowitz served as a special professor of estate planning, estate and gift tax, and partnership tax law at the Maurice A. Deane School of Law at Hofstra University for eight years in a row. As a professional speaker, he is able to share ideas with larger audiences. Mr. Horowitz is also a multi-award winner, a nationally published author (with nearly 100 nationally published articles), and has volunteered on many not-for-profit boards. He earned his bachelor's degree from Hofstra University, his J.D. degree from Maurice A. Deane School of Law at Hofstra University and his M.B.A. degree from Frank G. Zarb School of Business at Hofstra University.

View full profile

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