Elements for Successful Business Succession Planning - CLE, Continuing Legal Education - ALI CLE.org
Elements for Successful Business Succession Planning
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Available Online: Online CLE | MP3 Audio Files | Coursebook

Why You Should Attend


It’s a fact: over 70% of family and closely-held businesses do not have viable business succession plans in place. Indeed, according to the Small Business Institute, approximately the same amount do not survive the transition from original business owner to second generation!


If you represent closely-held businesses, you have likely helped your entrepreneurial clients with organizational documents to get them started on a solid footing and have probably already implemented buy-sell agreements. You may have even encouraged the owner to purchase “key man” insurance to head off catastrophe in case the owner or a highly skilled employee dies. But has your business owner fully considered what effect retirement or death will have on the business?


This CLE webcast on business succession planning is taught by esteemed faculty, Eric A. Manterfield, Krieg DeVault, Indianapolis, and Dennis I. Belcher, McGuireWoods LLP, Richmond, VA. These lawyers, who have decades of experience in implementing business succession plans, will explore the elements necessary for successful business succession planning, as well as alert you to ways to avoid income or estate tax traps that can snare unwary practitioners.

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What You Will Learn

Expert faculty will teach you what you need to know to help your clients create successful business succession plans, including:

motivating your client to engage in succession planning

documents most necessary to assure trouble-free succession

income and estate tax strategies to minimize tax liabilities

Questions submitted during the program will be answered live by the faculty. In addition, all registrants will receive a set of downloadable course materials and free access to the archived online program.

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Who Should Attend

This accredited continuing legal education program from ALI CLE is designed for attorneys who advise small to mid-sized closely held businesses.

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Eric A. Manterfield, Krieg DeVault, Indianapolis, IN

Dennis I. Belcher, McGuireWoods LLP, Richmond, VA

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Program Schedule

All Times Eastern Daylight

12:30 pm Program Begins.

Faculty members discuss elements of business succession plans, with an emphasis on highlighting potential strategies to minimize interpersonal stress, tax liability, and litigation upon the death of the principal.

2:00 pm Program Ends.

Total 60-minute hours of instruction: 1.5; Total 50-minute hours 1.8

Suggested Prerequisite: Two to four years’ experience in subject matter

Educational Objective: Acquisition of knowledge and skills to develop proficiency as a practitioner; maintenance of professional competence as a practitioner; provision of information on recent legal developments

Level of Instruction: Intermediate

Click Here for MCLE Credit Information

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Here's what registrants have said about this course:

"Great discussion of GRATs, IDGTS, SCINS, and EP Planning alternatives."

"Very good program."

"A lot of information to tackle in 1.5 hours, but well-done despite the time constraints. The speakers communicated their thoughts very well."

"Very useful and well presented."

"Since my expectations for ALI programs are quite high, 'Met Expectations' is pretty darned close to 'excellent'."

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Eastern 12:30 pm to 2:00 pm

Central 11:30 am to 1:00 pm

Mountain 10:30 am to 12:00 pm

Pacific & Arizona 9:30 am to 11:00 am

Alaska 8:30 am to 10:00 am

Hawaii 6:30 am to 8:00 am

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Course Details

Real-Time Customer Service