Objectives
• Determine what a business is worth and how being an owner with control vs. an owner without control impacts value
• Identify transition options, including planning for the outright sale of the business, structuring internal transfers to critical employees and analyzing the pros and cons of transfers to family members
• Recognize tax issues associated with different transition options
• Identify how to start the planning process early and tools to make the process more effective, including developing or modifying buy/sell agreements and other business operating agreements
