Transferring the privately-held business
Subtitle: creating a succession plan to meet your changing tax, estate, and business needs
By: Irving L. Blackman.
Publisher: Probus Pub. Co.
Published: 1993
Place of publication: Chicago, Ill
Language: eng
Number of pages: 436
Subjects: Close corporations -- Registration and transfer -- United States.; Inheritance and transfer tax -- Law and legislation -- United States.; Estate planning -- United States.
Description: On the surface, a business transfer is simply a means of passing on a business to family members or others. In actuality, the business transfer involves assigning financial assets, supplies and clients which have been accumulated through much hard work over the course of a lifetime! It is a complex process fraught with truly tough questions:. How do you transfer when there are two or more children? What plan will reduce taxes? How can your plan accommodate future changes in your company?

Furthermore, transfers and successions generally involve the enlistment (and consulting fees) of a small army of lawyers, accountants, insurance professionals and bankers. It is not only a costly and complicated process, but one that relies heavily on outside advice to make important decisions regarding the future of your family, your estate and your business. Transferring the Privately-Held Business helps you design a lifetime transfer plan that meets your changing needs.

In Transferring the Privately-Held Business, author Irving L. Blackman, a well-known expert on privately-held businesses, assists you in identifying your objectives, then guides you in selecting among the many available options for transferring your business, including grantor trusts, inter vivos gift, redemptions, recapitalizations, preferred stock dividend, family partnerships, and "S" corporations.

This unique, step-by-step guide explores the tax consequences of your options (without heavy tax jargon) and details the legal ramifications in plain English (not in "legalese!").

Using checklists, worksheets and real-life examples from his extensive professional experience, Blackman assists you in drawing the blueprints for your own customized, air-tight transfer plan.

The plan you create through Transferring the Privately-Held Business will focus on the most effective and versatile method known for transferring - "lifetime planning." Rather than locking you in, the lifetime transfer plan enables you to update or change your plan should your personal circumstances or objectives change. Transferring the Privately-Held Business lets you plan for today and tomorrow, and for the expected and the unexpected.
Notes: Includes index.