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Event Information

Buying and Selling Corporate Businesses: Asset Sales Webcast | 4203114B
Date: August 14, 2020
Event Start time: 8:30 AM   End time: 12:00 PM
Location: Webcast

Facility: Webcast Rebroadcast

 


Member:       $149
Nonmember: $199

CPE Credits:

4.00 CPE: Continuing Professional Education Technical
4.00 CTEC-TX: CTEC - Federal Tax Law Hours Technical
4.00 IRS-TX: IRS Federal Tax Update Technical
3.00 MCLE LS-TX: Legal Specialization-Taxation Law Technical
3.00 MCLE: MCLE Technical


 

Review the sale of both C corps and S corps, including planning related to a possible liquidation after the asset sale. Plus, identify tax and non-tax differences between an asset sale and a stock sale.

The sale of a corporate business by selling the assets is a situation where effective tax planning can reduce the tax cost to both the buyer and seller. We'll discuss the use of compensation for services, covenants not to compete, personal goodwill and contingent consideration.

 

Objectives:
 
  • Identify tax and non-tax differences between an asset sale and a stock sale.
  • Determine possible benefits from using compensation arrangements, covenants not to compete, personal goodwill and contingent consideration.
  • Identify the differences between selling the assets of an S corp compared to a C corp.
  • Recognize the tax significance and relevant legal authority related to allocation of purchase price among the assets purchased.
  • Recall the law applicable to "purchased intangibles."
  • Identify tax considerations related to asset sales after the death of the shareholder.
 

Major Subjects:
 
  • Stock sale vs. asset sale: tax and non-tax differences.
  • Compensating the selling shareholders for services performed.
  • Covenants not to compete.
  • Personal goodwill.
  • Contingent consideration.
  • Built-in gain planning.
  • Installment sales.
  • Allocation of purchase price among the assets.
  • Planning when target has net operating losses or tax credits.
 

Level of Difficulty:
Intermediate

Field of Interest:
Taxes

Prerequisites:
 

An understanding of the taxation of individuals, corporations, S corporations and partnerships or at least two years of experience in advising privately owned businesses.

 

Designed For:
 

CPAs and attorneys.

 

Advanced Prep:
 

None.

 

Event Notes:
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