This program will explain best practices for attorneys when counseling owners of closely held businesses in developing continuity or succession plans. Attorneys must explain both the need for such planning and the potential options available to their clients. Panelists will discuss methods to maintain a good advisor-client relationship throughout the planning process and will utilize two fact patterns to show the benefits and pitfalls of both the sale of a business and the transfer of a business via gift or at death.
Specific topics include: