Valuation Strategies for 2013 & Beyond: Tax & Business Succession Planning After the Fiscal Cliff

Date:  Wednesday, May 1, 2013
Presenters:  Carol Lewis & Teal Dakan

We survived the fiscal cliff! There are new planning opportunities to explore, as well as traditional opportunities to revisit. Attorneys, CPAs and business owners need to be aware of recent tax changes and gain insight into planning opportunities that don’t just address gift and estate tax issues, but also income tax and capital gains tax. Succession planning and other transfers of closely held companies almost always involve valuation issues. This course will revisit some of the valuation challenges in buy-sell agreements and explain why you should review your agreements on a regular basis.

Learning Objectives

Upon completion of this webinar, participants will be able to:

  • Recognize the favorable transfer tax provisions of the recently passed fiscal cliff legislation
  • Identify proposals that could limit certain transfer tax planning tools in the future
  • Understand why the planning emphasis may be shifting from transfer tax issues to income tax issues
  • Discuss ownership structures designed to achieve valuation discounts and when you might not want to use them
  • Consider questions business owners should ask about the valuation mechanism in their buy-sell agreements


Carol is the firmwide leader of BKD’s business valuation services and has more than 25 years of experience advising clients in valuation, accounting, tax and litigation matters. She has provided services to clients in numerous industries, including agriculture, banking, manufacturing, health care and retail. Carol has performed business valuation services for more than 14 years, including valuations for financial reporting, estate and gift tax, employee stock ownership plans, divorce, mergers and acquisitions. She also has served as an expert witness and provided testimony regarding business valuation and damages.

Carol Lewis – who has written posts on BKD Forensics.

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