Course Description

Succession planning is one of those things that is never at the top of the list, yet it is often among the most important things a company does. The successful passing of the torch to tomorrow’s leaders can often mean the difference between a business thriving or faltering in the next generation. Through case studies and the review of research, this course will examine what succession planning is, what makes it successful, and why we put it off!

Learning Objectives

  • List the insights into succession planning offered by academic research

  • Define the differences between a cross-purchase agreement and an entity purchase agreement

  • Describe how succession planning can be accomplished through entity formation documents

  • List the elements of successful communication of succession plans to company stakeholders

  • Describe best practices when formulating executive training programs according to research

Additional Required Materials

  • Level: Intermediate

  • Field of Study: Business Management & Organization

  • Who Should Attend: CFOs, controllers, and other company leaders who are interested in creating long-term success for their companies as they transition to the next phase of leadership.

  • Required Knowledge: Basic corporate tax, contract law, and human resources knowledge.

  • Advanced Prep: None

Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.