0109 Family Business Issues
Part of the Entrepreneurship Section of the CEA Curriculum
Family businesses present many unique problems and opportunities. This course describes the kinds of family dynamics that can impact an advisor’s effectiveness. The ten key family business issues are covered in depth, as are emerging issues in family business operations. Different entity types and their tax and governance features are discussed. Control patterns, emotional quicksands, generational issues and the boundaries necessary for effective governance are covered.
The course discusses how family businesses offer many challenges in dealing with compensation, employee benefits, health insurance, vehicles, loans to owners, below market interest loans and succession planning.
Family limited partnerships are often involved in closely held businesses. The course discusses the ins and outs of a family limited partnership, including the advantages, disadvantages, gifting issues, estate planning and taxation issues.
After completing this course you will :
- Understand how advisors can be effective within family business situations,
- List the 10 key family business issues,
- Define the issues inherent with compensation, benefits, and owner loans,
- Explain how family limited partnerships can be useful in family business environments.
|Understanding Family Business Issues||00:02:00|
|Emerging Issues with Family Businesses & C Corp Compensation||00:09:00|
|S Corporation Compensation Issues||00:05:00|
|Hiring Family Members in the Business and Employee Benefits||00:04:00|
|Non-Taxable Employee Benefits||00:02:00|
|Health Insurance and Automobiles||00:13:00|
|Loans to Owners||00:05:00|
|The Adequate Interest to be Paid||00:06:00|
|Family Limited Partnerships||00:08:00|
|Other Key Family Business Issues||00:03:00|
|Quiz – Family Business Issues||00:09:00|
|Family Business Issues – Final Exam||00:10:00|
|Course Evaluation – Family Business Issues||00:00:00|
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