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Webinar (CA): Buying and Selling Corporate Businesses: Asset Sales

Description

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.

Learning 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 the allocation of the 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 Topics

• 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 the purchase price among the assets.
• Planning when the target has net operating losses or tax credits.

Provider
California CPA Education Foundation
Course Level
Intermediate
CPE Field of Study
Tax
4
Who Should Attend

CPAs and attorneys.

Instructor(s)
John McWilliams
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.

Advanced Preparation

This webinar is produced by AICPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Aug 19, 2021
9:00 am - 12:30 pm MDT
Location
Webinar
Total CPE Credits
4
Format
Webinar

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Webinar (CA): Buying and Selling Corporate Businesses: Asset Sales


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