COR2208. Succession Planning and the Tax Implication of a Transaction

This session will discuss the key elements in developing a succession plan for a construction contractor and its tax implications. The session will begin by identifying key liquidity strategies and selecting the proper technique based on the goals and objective of the owners.

The attendee will learn how to compare internal transfer techniques and better understand the tax impact of a direct purchase versus that of a redemption. In addition, the session will address the tax implications of a stock sale versus an asset sale for an external transaction.

Learning Objectives:

• Indicate key elements in developing a succession plan
• Identify liquidity strategies and selecting the proper technique
• Recognize issues to consider in structuring a shareholder buyout
• Compare a direct purchases to redemption and the tax effect
• Determine the tax implications of a stock vs an asset sale