ESTATE PLANNING COUNCIL OF ST. LOUIS

Title: Business Succession for S Corporation Owners

Date: January 28, 2025

Time: 12:00pm – 1:00pm

Location: ZOOM

Speaker: Norman S. Newmark, JD, LLM, Partner - McCarthy, Leonard & Kaemmerer, LC

About the presentation: Planning for the disposition of S corporation stock is one of the more challenging aspects of estate planning. In addition to the usual issues associated with the disposition of any closely held business, S corporation rules impose limitations on the types of equity as well as the persons or entities who might otherwise be owners. These rules can limit the available scope of estate tax and other planning vehicles, and hence flexibility.  Therefore, the planner must be prepared to address whether other tax or practical considerations override the desirability of maintaining S status after the death of an owner, and if not, learn techniques for handling associated tax and family issues.

CPA's - CPE Credit Note: To be awarded the full credits, you must be responding to three out of the four polling questions asked during the program on ZOOM.

Continuing Education 60 minutes 

EPCSTL has requested approval for continuing education in the following areas: CTFA, CLE, CPE, CFP  

CPE Information for CPAs

The sponsor assures that the program content and program level is appropriate for the intended participants.

Participants will: 

CPE Learning Objectives:

After the program, the participant should be able to:

1. Identify the limitations of S corporation equity and ownership.
2. Identify the tax, family and practical issues associated with the disposition of S corporation stock.
3. Identify traditional planning methods for S corporation owners.
4. Discuss options to maintain S corporation status post-mortem.
5. Identify alternative considerations which might override S corporation status.

The sponsor assures that the program content and program level is appropriate for the intended participants.

Participants will earn 1 CPE credit. 

Field of Study: Specialized Knowledge 

Additional Information:

Delivery Method: Group Live/Group Internet Based

Program Level: Basic

Pre-requisite: NONE 

Who should attend: Anyone that is involved in Estate Planning

Refunds and Cancellations: All attendees are required to register in advance.  If you reserve and are unable to attend, please cancel your reservation at least 3 working days in advance of the meeting to receive a refund or a credit for a future meeting. For more information regarding refund, complaint, and/or program cancellation policies please contact our offices at 314-520-3564.

Estate Planning Council of St. Louis is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

National Registry of CPE Sponsors Number 109467

​CTFA

CTFA 1.25 CE credit 

CFP

Upon completion of this course, you should be able to:

1. Identify the limitations of S corporation equity and ownership.
2. Identify the tax, family and practical issues associated with the disposition of S corporation stock.
3. Identify traditional planning methods for S corporation owners.
4. Discuss options to maintain S corporation status post-mortem.
5. Identify alternative considerations which might override S corporation status.

Speaker Bio: NORMAN S. NEWMARK is a partner at the law firm of McCarthy, Leonard & Kaemmerer, LC, a business and labor law firm based in Town and Country, St. Louis County, Missouri, where he heads the trust and estates/tax practice.

Mr. Newmark focuses his practice in the areas of corporate tax planning, tax controversies, estate and business succession planning, probate administration and fiduciary litigation.

Mr. Newmark is a Fellow of the American College of Tax Counsel and a Fellow of the American Bar Foundation.  He has taught corporate taxation as an adjunct professor of law at the Washington University in St. Louis School of Law (LLM in Taxation program). He has received a peer review rating of AV-Preeminent from Martindale-Hubbell (highest level of professional excellence), and currently serves as the vice chair of the Missouri Bar Taxation Committee.

Mr. Newmark is a frequent lecturer at continuing legal education events and has published articles in various legal publications including The Banking Law Journal and the University of Missouri Business, Entrepreneurship & Tax Law Review on various tax-related topics.

Mr. Newmark earned his B.A. degree, cum laude, from Boston University, and both his J.D. degree (Order of the Coif) and LL.M. in Taxation from the Washington University in St. Louis School of Law.

He is admitted to practice in Missouri, Oklahoma, and the U.S. Tax Court, and is an active member of the American Bar Association Section on Taxation (S Corporation Committee).

Contact information:

nnewmark@mklaw.com or (314) 392-5200