Ownership Transition for Closely-Held Businesses: The Secrets to Monetizing Your Company
November 6, 2014
400 Broadhollow Road
Melville, NY 11747
Intended Audience: CEOs, CFOs & business owners
8:00am - 10:00am
Free
Contact Info:
Flo Federman
Phone: 631-845-5252
Email: flo.federman@nybkw.com
This session will explore transitioning ownership of your business. We will discuss the benefits and tax consequences of asset sales vs. stock sales, as well as employee stock ownership plans (ESOP).
Topics:
Stock Sales
Tax benefits and consequences
Structuring the deal
Dealing with unwanted assets
Tax consequences of ancillary agreements
Asset Sales
Advantages and disadvantages vs. stock sales
Purchase price allocation
Character of income from sale
S Corp/C Corp issues
ESOPs as Transition Vehicle
What is an ESOP?
How does it work?
Flexibility and tax benefits of an ESOP
Obligations and considerations
Speakers:
Louis Vlahos, Esq., LLM., Partner, Farrell Fritz
Craig Rubin, CPA, Partner, Nussbaum Yates Berg Klein & Wolpow
Ginny Saloom, Vice President, Chase