BarbriSFCourseDetails
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Course Details

Course Information
  • smart_display Format

    Live Online with Live Q&A

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Preparer

Date & Time
  • event Date

    Wednesday, July 9, 2025

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$197.00

This course is $0 with these passes:

CPE
ALL

This webinar will explain the fundamentals of business succession planning. Our panel of notable federal tax attorneys will cover strategies, including implementing buy-sell agreements, equity grants, and providing profit interests to facilitate these transfers.

Faculty

Jeffrey W. Berkman
Founding Partner
Falcon Rappaport & Berkman LLP

Mr. Berkman focuses his practice on corporate and securities law matters. He represents entrepreneurs, domestic and international companies, closely-held businesses, family offices, investors, and not-for-profit organizations in connection with business structuring, domestic and cross-border transactions, mergers & acquisitions, venture capital, private equity, secured financing, joint ventures, investment fund structuring, securities law matters, commercial transactions/contracts, and a wide-variety of other business law matters.

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Matthew E. Foreman
Partner, Co-Chair Taxation Practice Group
Falcon Rappaport & Berkman LLP

Mr. Foreman co-chairs FRB’s Taxation Practice Group and advises businesses on the tax effects of a variety of corporate transactions, including taxable and tax-free reorganizations, mergers, sales, and acquisitions. He designs and implements tax-efficient structures for U.S.-based businesses to expand abroad and invest in foreign joint ventures. Mr. Foreman drafts tax memoranda and opinions on a variety of subjects, including tax-free reorganizations, tax-efficient return of capital to owners, Qualified Small Business stock, and various state pass-through entity taxes. He defends clients from audits from the IRS and various state tax agencies, including appealing audit determinations. Mr. Foreman advises clients on a variety of tax issues related to cryptocurrencies, including initial coin offerings (ICOs), taxability of staking and air drops, and the imposition of Sales and Use taxes on the issuance of non-fungible tokens (NFTs). He drafts tax portions of Operating and Shareholder Agreements for businesses in different industries. Mr. Foreman has extensive experience in a variety of SALT issues, especially New York State residency audits and state Sales and Use tax nexus issues post-Wayfair.

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Description

There are several means to transfer ownership of a business. For example, a company may be gifted to or sold to family members, sold outright to an outside party, or purchased by key employees. Proper early planning is crucial to a successful and seamless transition, regardless of the method chosen.

A buy/sell agreement can facilitate the transfer of a business after an owner's death. The terms of the agreement may include a cross-purchase or redemption arrangement or both. Life insurance is often used to fund these transfers. Having a proper plan in place before death can avoid ownership challenges and operational issues after death.

A business owner might choose to convey the business to key employees. Offering a profit interest, restricted stock units (RSUs), or stock options are a few ways to reward employees. A profits interest, however, entitles the employee to a percentage of future profits rather than an equity interest or shares. RSUs encourage employees to stay until they are vested, but this choice transfers control gradually and is rife with tax complexities. Business owners and their tax advisers need to understand the options for transferring ownership of a trade or business to selected heirs.

Listen as our panel of knowledgeable legal advisers identifies the methods available to convey business ownership and explains the pros and cons of each approach.

Outline

I. Fundamentals of succession planning

A. Key issues

B. Overlooked basics

C. Tax issues

II. Buy/sell planning

A. Structure

B. Key provisions

C. Estate matters

III.  Key employees

A. Equity grants

B. The many flavors of equity grants

C. Profit interests

IV. Excessive compensation issues

Benefits

The panel will cover these and other critical issues:

  • Types of buy/sell agreements
  • Transferring a business to key employees
  • The tax implications of equity grants
  • Excessive compensation issues in business succession planning

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify types of buy/sell agreements
  • Determine methods to transfer ownership to key employees
  • Ascertain critical tax issues in business succession plans
  • Decide how excessive compensation impacts business succession plans


  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and their respective partners and shareholders.


Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).