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About the Teleseminar

Planning for the sale of a family business necessarily involves both transactional planning and estate planning – and the goals of these are sometimes in tension.  Transfers to family members can take many forms – a straight sale, a redemption using internally generated cash flow to cash-out a senior generation, an estate “freeze,” and more. Sales to third parties can take other forms, but all involve special due diligence issues when the company has been long-controlled by a family.  Whether the businesses is transferred to family members or sold to third parties, the specter of succession drama looms large, bringing to the forefront inter-personal family issues. Layer on top of these business considerations the imperatives of estate planning, including discounting the value of assets transferred, and the overall project becomes very complex.  This program will provide you with an inter-disciplinary guide to planning for the sale of a family business.  

Day 1 – February 21, 2017:

  • Interdisciplinary business and estate planning for sales of family businesses
  • Strategies to avoid family drama in succession planning – intra-family transfers & sales to third parties
  • Special diligence issues when buying/selling family businesses
  • Intra-family transfers – redemptions, freezes, straight sales
  • Transactional formats for transfers to third parties – entity merger and asset sales
  • Planning to retain key employees and transition agreements
  • Finance issues – new capital, use of internal cash flow, debt financing
  • Reps, warranties, indemnity and baskets – drafting issues common to closely held companies

About the Speaker

Paul Kaplun is a partner in the Washington, D.C. office of Venable, LLP where he has an extensive corporate and business planning practice, and provides advisory services to emerging growth companies and entrepreneurs in a variety of industries. He formerly served as an Adjunct Professor of Law at Georgetown University Law Center, where he taught business planning.  Before entering the practice of law, he was a Certified Public Accountant with a national accounting firm, specializing in corporate and individual income tax planning and compliance.  Mr. Kaplun received his B.S.B.A., magna cum laude, from Georgetown University and J.D. from Georgetown University Law Center.   

Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour, including up to 1.0 Estate Planning & Probate Law Specialty Credit Hour, and including up to 1.0 Taxation Law Specialty Credit Hour  

(Instruction Level: Intermediate)