We began this series with an important, 2-part observation: Closely held enterprises either experiencing - or positioned for - rapid growth, often face significant challenges and risks. Management can help address these challenges by utilizing a Board of Advisors. An...
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Creating Value Through a Board of Advisors – The Benefits for Entrepreneurs and Early-Stage Companies
This is the first in a series of articles that explores why closely held businesses should seriously consider establishing an independent Board of Advisors. Future articles will examine related themes, including how to structure an advisory board; how to select and...
Qualified Stock for the Closely Held Business
Federal Tax Benefits for C Corporations It would be amazing to have hindsight when initiating a business. Imagine being able to foresee the result of the business enterprise before it was started. Think of how that would influence your decision-making! We do not have...
Should I Select a Family Member to Serve as Trustee?
One of the most important decisions a client will be faced with during the estate planning process is whom to nominate to serve as trustee of his or her trust. The trustee will control the manner in which trust assets are used to support the beneficiaries of the trust...
Trust and Estate Planning for Real Estate
When clients come into our office to discuss estate planning, they typically have two primary concerns: 1) maximizing the amount of wealth they are able to pass on to descendants and/or loved ones; and 2) minimizing the potential for disagreements and disputes among...
Internal Revenue Service Aims To Curtail Valuation Discounts in Family Controlled Businesses
OverviewThe Treasury recently issued Proposed Regulations under Section 2704 of the Internal Revenue Code that may dramatically impact your estate planning by eliminating business valuation discounts, such as minority interest discounts and lack of marketability...
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