This 110-minute CPE webinar, originally held on February 20, 2025, provides in-depth insights into the tax implications and planning strategies businesses must consider following the death of a partner or shareholder. Led by Walter M. McGrail, Managing Director at Cendrowski Corporate Advisors, the session covers essential topics such as transferring ownership interests, planning for tax-saving opportunities, and navigating the complexities of different business structures.
Walt, an expert in tax and legal consulting, offers valuable strategies for ensuring business continuity while addressing the potential challenges that arise when an owner passes. Together with fellow expert Joseph C. Mandarino, Partner at Smith Gambrell & Russell, the panel covers critical issues such as Section 754 elections, succession planning, and ways to mitigate taxes for remaining partners or members.
Key Takeaways:
- Understanding the tax impact of the death of a partner or shareholder
- Best practices for structuring operating agreements in multi-member partnerships
- How to leverage Section 754 elections for tax advantages
- Succession and transition planning strategies for closely-held businesses
Watch the recorded session here and gain expert knowledge to navigate these complex issues and protect your business.