There are many special planning techniques available to owners of closely-held businesses. The future of the business, the tax and corporate aspects of the particular business entity, and the owner’s personal estate planning goals all need to be coordinated to produce a result that is in the best interests of the business and the business owner. This includes taking advantage of special estate tax benefits for family-owned businesses (tax exemptions deferral of estate tax payments) planning for succession, and methods of equalizing the estate among various children. In this connection, we employ techniques such as recapitalizations of a business to shift the appropriate business interest (voting or non-voting shares) to the next generation.
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