Business planners will also be able to consider using the S corporation as a vehicle for holding wholly owned subsidiaries. The new rules related to trust and charitable organization ownership of S corporations will allow for additional flexibility and creativity in both estate and non-profit organization planning. Richard Byron Peddie is an attorney at Frascona, Joiner, Goodman and Greenstein, P.C. , a Colorado law firm. His practice areas include Real Estate , Litigation , Business Law , Corporations , Securities , Estate Planning , Intellectual Property, Communications, and Entertainment. Information is not provided as advice for a specific matter, nor does its publication create an attorney-client relationship.
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