Total Credits: 1.2 Self Study
Originally presented on December 5, 2019
Business divorce can be as complicated, costly and dramatic as traditional divorce. When owners of a closely-held company decide they cannot or will not work together anymore, there are several alternatives for achieving the separation – a division of assets among the owners, a buyout of one owner or several owners by a third party or by the company itself, or a complete or partial sale of the company. But these and other transactional forms come with risk – the risk that dividing the assets of an operating business will cause substantial destruction of value to the company or that strife will take its toll on operations and employees. This program will provide you with a real-world guide to the alternatives for achieving a business divorce, planning the process, containing the risk of strife and costly litigation, and counseling clients about ensuring value in the process.
• Business divorce in closely companies – business law, tax law, and practical process and consequences
• Overview of techniques to accomplish a divorce – buy-sell arrangements, redemptions, compensation, employment separation and retirement plan techniques
• Special considerations when the divorce involves LLCs, S Corps or partnerships
• Valuation methods and disputes in a business divorce
• Techniques for financing a buyout as part of a business divorce
• Minimizing adverse tax consequences in a business divorce
Speakers: Frank Ciatto, Venable, LLP, Washington, DC and Norman Lencz, Venable, LLP, Baltimore, MD
NOTE: This program was originally produced as a telephone seminar and is available on demand in streaming audio. This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for ethics, elimination of bias or Kansas credit.
Course materials (1 of 2).pdf (192.9 KB) | Available after Purchase |
MCLE Form 12-5-18.pdf (9.8 KB) | Available after Purchase |
Course materials (2 of 2).pdf (251.4 KB) | Available after Purchase |