ESTATE PLANNING COUNCIL OF NORTH TEXAS

BREAKFAST MEETING WEDNESDAY, FEBRUARY 18, 2009 (Breakfast served 7:30-8:00 a.m., Program 8:00-9:00) SOUTHFORK HOTEL (East side of US 75 just north of 15th Street) RESERVATION DEADLINE: THURSDAY, FEBRUARY 12 TAX MINIMIZING STRATEGIES FOR BUYERS/SELLERS OF BUSINESSES JIM ROBERTS, MONTY WALKER AND BRIAN WENDLER The objectives of Buyers and Sellers are very similar. Buyers desire to maximize operational cash flow while Sellers desire to maximize net after tax proceeds. Tax implications have a direct impact on the objectives achieved by both Buyers and Sellers. The tax implications associated with a business transfer are much more diverse than simply structuring the transfer as a Stock or Asset Transaction. This presentation will provide some tax planning strategy ideas designed to specifically address the issues which impact Buyers and Sellers of businesses. Some of the topics to be addressed include Personal Goodwill, Stock Transactions with High Internal Tax Basis, Maximizing Investment Interest Expense Deductions, Code Section 754 Elections, Structured Installment Sales, Sales to IDGTs and much more. Jim Roberts is in the Firm