Estate Planning for Small Businesses

"Estate Planning for Small Businesses" is a comprehensive continuing legal education course designed to provide attorneys, financial advisors, and small business owners with the knowledge and strategies necessary to plan for the future of their businesses effectively. In this course, you will learn how to address the unique challenges involved in estate planning for family-owned businesses, from asset protection strategies to exploring retirement planning strategies.

Attending this course will teach attendees the importance and fundamentals of estate planning, including how to develop effective business succession strategies, such as valuation techniques. Attendees will also learn how to implement tax planning techniques to safeguard business assets and minimize tax liabilities. Specific considerations for sole proprietors and partnerships will also be discussed. Through examining real-world case studies and examples, attendees will learn the importance of the Corporate Transparency Act on small businesses, including reporting requirements and implications for estate planning and business succession.

This course is ideal for attorneys specializing in estate planning, business law, or taxation and is also open to small business owners.

Learning Objectives:

• Develop effective business succession strategies
• Implement asset protection strategies and tax planning techniques
• Address the unique challenges involved in estate planning for family-owned businesses
• Explore retirement planning strategies for small business owners
• Evaluate the role of life insurance and key person insurance in estate planning for small businesses
• Analyze the specific considerations and strategies for estate planning for sole proprietors and partnerships
• Define the impact of the Corporate Transparency Act on small businesses
• Examine real-world case studies and examples illustrating effective estate planning strategies for small businesses

Production Date: 8/26/2024