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When considering estate planning, succession planning, ownership and management transition, and business sustainability, the facts and other aspects to be considered can be overwhelming. Absent all the facts, both professional advisors and business owners could easily solve one tax issue, only to create another, unforeseen consequence.
This session will focus on the various tax and non-tax strategies to be considered. The presenters will discuss not only the resulting tax results, but how some strategies could also affect the sustainability of the business, especially from an operations viewpoint.
- How to determine income, capital gain, and estate tax liability before gifting or selling a business
- When it makes sense to implement a strategy even if it triggers a tax
- Non-tax consequences to consider before committing to a tax avoidance or reduction strategy
- What advisors to include on the exit planning team to properly analyze all options and tax consequences
Shawna Brown, LLM
Shawna Brown is a tax attorney who currently practices in North Dallas in the areas of estate planning and estate administration. She was named by her peers as one of D Magazine’s “Best Attorneys in Dallas 2014” and was named to the “Best Women Lawyers” previously. She is Board Certified in Estate Planning and Probate by the Texas Board of Legal Specialization.
Ms. Brown received an LL.M. in Taxation from NYU School of Law and attended the University of Arkansas for her undergraduate and law degrees. She is a Past President of the Estate Planning Council of North Texas and serves on the Planned Giving Council of the Parkland Foundation (which supports Parkland Hospital). Ms. Brown gives presentations to attorneys, CPAs, and financial planners on topics that range from community property to planning for non-citizen spouses.
Monty Walker, CPA, CGMA, CBI
Monty W. Walker is a Certified Public Accountant with a diversity of experience in the private closely-held business arena. Monty supports Entrepreneurial Clients throughout the country. He is an extremely innovative advisor in the Business Transfer Industry providing support to Small Business Owners in the areas of Business Transactions, Business Structuring & Design, Business Tax Planning and Business Exit Planning. Having come from an entrepreneurial family, Monty has a comprehensive business background spanning over 26 years which includes experience in both startups and established entities. Monty spent a significant portion of career as an industry CFO in the private sector and he has owned and operated several of his own businesses. Thus, his experience comes from being directly in the trenches.
Specialties: Extensive experience with self-directed IRA’s and self-directed 401(k) plans
Performs a proprietary comprehensive transaction planning review resulting in a deliverable entitled a Transaction Structuring Report.
Manages the unique financial, tax, planning and procedural matters associated with transferring the ownership of a business
Due to his background in transition planning and business transfers he is often referred to by his clients and colleagues as a — Business Transition CPA.
CPAs receive a certificate for 1 CPE credit
CFPs receive 1 CE credit
CEPAs receive 1 CE credit