Two ways to transfer a family business

For many people, a family-owned business is their primary source of wealth, so it’s critical to plan carefully for the transition of ownership from one generation to the next. The best approach depends on your particular circumstances. If your net worth is well within the estate tax exemption ($11.18 million for 2018), for example, you […]

What makes for a sound buy-sell agreement and why you need one

If you own an interest in a closely held business, whether a collision repair shop, brewery, restaurant, manufacturer, distributor or contractor, no matter the industry, it’s critical to have a well-designed, properly funded buy-sell agreement. It provides a business’s owners and their families with valuable protection and assures continuity in the business. THE RISKS The […]

Do you have a buy-sell agreement for your business?

  If you own an interest in a closely held business, it’s critical to have a well-designed, properly funded buy-sell agreement. It provides a business’s owners and their families with valuable protection upon an owner’s death. The risks Without a buy-sell agreement, if one of your co-owners dies, for example, you may be forced to […]

The Window May Be Closing on Valuation Discounts

If selling or gifting an interest in family-owned businesses or entities is part of your long-term estate/tax plan, the window may be closing on the use of valuation discounts as part of that strategy. Today, when gifting minority interests in family businesses or entities, using valuation discounts for lack of control and lack of marketability […]