Planning for the Disposition of Professional Practices – The Ins and Outs of Holding and Selling Professional Practices

For clients who own all or a portion of a business, estate planning considerations often include some form of succession plan or pre-arranged buyout. This presentation covers specific hurdles and requirements for medical professionals, attorneys, accountants, and others who may have ownership in a professional practice in planning for their legacy. Includes an overview of relevant Ilinois statutes, rules and regulations and additional guidance on succession planning, business structure, and asset protection concerns.