Please register for this live ATA webinar.
Succession Planning: A Legal Overview, Sponsored by US Bank
Whether the owner of a motor carrier intends to pass a family business to the next generation or to maximize its value through an orderly sale at the time of retirement, death, or otherwise, business succession planning is vitally important to ensuring a smooth transition.
In this webinar you will learn about:
· The overarching legal considerations that go into the transfer of the business
· Choosing a successor and management team
· Calculating the value of the business
· Certain gift tax issues
· Selecting a mechanism to fund the successor’s purchase
· Buy-out triggers
· Certain estate tax issues
· And other considerations.
About the Presenter:
Christopher J. Coats, Attorney and Shareholder, Baker Donelson, Bearman, Caldwell & Berkowitz, PC
Christopher J. Coats is an attorney and shareholder at Baker Donelson in its Memphis, TN office. He has represented clients in both gift and sale transactions of business interests (including voting and non-voting LLC interests, general and limited partnership interests, and voting and non-voting closely held corporate stock) and real property. Chris has extensive experience in wealth transfer planning including drafting complex wills and trusts of every kind, disclaimers and other estate planning instruments, and LLC, LP, and shareholder agreements . He prepares/reviews federal estate and gift tax returns and works with appraisers with respect to complex valuation issues related to such tax returns. He advises clients on and assists with the formation, operation and disposition of family limited liability companies and family limited partnerships. Chris earned his Bachelor of Accountancy (magna cum laude) from the University of Mississippi, his J.D. with honors from the University of Mississippi School of Law, and his LL.M. in Taxation from New York University. He is a member of the American, Tennessee, Mississippi and Memphis Bar Associations and Memphis Estate Planning Council and has been listed in Chambers USA High Net Worth Guide in the area of Tennessee Private Wealth Law and in Best Lawyers in America in Trusts and Estates.
THIS WEBINAR IS SPONSORED BY US BANK
Depend on the strength and experience of U.S. Bank to provide the payment integrity, efficiency and security only a bank can provide. U.S. Bank Freight Payment is designed to help you avoid payment obstacles, reduce staff time in processing exceptions and get paid quickly– so you can keep your business moving forward. Moreover, the U.S. Bank Voyager Fleet Card delivers convenience and controls to simplify life on the road and in the office. To learn more about our carrier solutions including the U.S. Bank Freight Payment Index, visit usbpayment.com/carriers.
National Accounting and Finance Council (NAFC) members are eligible for an hour of CPE credit for attending this webinar. For details on the CPE and membership, contact Jenny Wieroniey at email@example.com.
This is a “Group Internet Based” offering and no prerequisites are required. NAFC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Ave North, Nashville, TN 37219.
**NOTICE: ATA webinars are strictly educational for our members, and not press events. The information contained in this webinar are not intended for, nor should it be used in, the production, editing or creation of news or analysis pieces. Participants are also forbidden from using them as background for published materials, white papers or other communications. Therefore, the contents of this webinar are strictly embargoed and off the record.