TAX2310. Planning to Exit - Sale of the Family Business Toolkit

Promoters like to boast that they can wash away gains associated with the sale of a business by using a deferred sales trust. Does it really work? This session will focus on different advance planning techniques to defer or reduce gain on the sale of a business - including a discussion about sales to a deferred sales trust, sales to a charitable trust, sales of qualified small business stock and state tax considerations. The discussion will involve an analysis of the extent to which these techniques work or are traps for the unwary.

Learning Objectives:

• Understanding applicable tax laws related to planning technique.
• Understanding structure of planning technique.