Planning for Business Owners and Professionals
The Burnham System
HS 331
Basic Study Material

The Burnham System is written and frequently revised by

Ray Burnham, CPCU, CLU, ARM, AIC, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, ALCM, AAI, AAI-M, APA, ARP, AIAF, AMIM, AAM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, REBC, RHU, ASF, LIA, CASL, and ChFC;

Jean O’Reilly, PhD, CPCU, ARM, AINS, AIS, API, AIC, SPPA, AIM, AIC-M. ARM-E, AU, AU-M, AAI, AAI-M, APA, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, and AIAF; and

Lisa Tobey, JD, CPCU, CLU, ARM, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, AAI, AAI-M, APA, AIAF, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, ACS, RWCS, RHU, REBC, CASL, AIC, EA, and ChFC.

Copyright © 2018 The Burnham System

HS 331
Bound, Digital, & Audio Book Bundle

Planning for Business Owners and Professionals Study Guide

The Burnham System is the gold standard for HS 331 study guide materials. Using our guide you will learn everything needed to pass the HS 331 Exam in the shortest time possible. Simply, you will learn more faster.


Included for FREE with your purchase of this Bound Study Guide:

  • HS 331 Audio Study Guide Narrations, in MP3 file format, expertly narrated by Lisa Tobey
  • HS 331 Digital Study Guide Book, in PDF file format
  • Definitions of each assignment's key words and other new terms
  • A sample diagnostic exam with answers and answer explanations


PDF Notice: PDF files are not printable. They are digitally annotatable.


Current Text Edition: 16th


Ray's estimate of course difficulty (1, easiest and 10, hardest): 6


Number of study guide pages: 59

Covered within this study guide:

  • Overview of Business Problems and Business Planning Objectives
  • Unincorporated Business Entities
  • Corporations
  • Compensation Planning for Closely Held Corporations
  • Business Continuation
  • Buy-Sell Agreements for Unincorporated and Incorporated Businesses
  • Stock Redemptions
  • Lifetime Disposition of Business Interests
  • Planning to Continue the Family Business
  • Valuation of Closely Held Businesses
  • Disability Planning
  • Risk Management for Closely Held Businesses

As a good study guideline, figure anything in those 59 pages might be on your exam and that there will be nothing on your exam that is not covered in those 59 pages.


The Burnham System is written and frequently revised by

Ray Burnham, CPCU, CLU, ARM, AIC, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, ALCM, AAI, AAI-M, APA, ARP, AIAF, AMIM, AAM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, REBC, RHU, ASF, LIA, CASL, and ChFC;

Jean O’Reilly, PhD, CPCU, ARM, AINS, AIS, API, AIC, SPPA, AIM, AIC-M. ARM-E, AU, AU-M, AAI, AAI-M, APA, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, and AIAF; and

Lisa Tobey, JD, CPCU, CLU, ARM, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, AAI, AAI-M, APA, AIAF, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, ACS, RWCS, RHU, REBC, CASL, AIC, EA, and ChFC.

Availability: In stock

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