Archive for May 2015
Implementing a Succession Plan – Using a Buy-Sell Agreement
A co-owner of a closely held family business should carefully consider what would happen to the business in the event of his or her death or the death of a co-owner. Many issues come to mind, including whether the business would be able to survive. Family members might find it necessary to liquidate the business…
Read MoreDeveloping a Business Succession Plan
Few business owners plan their exits from their businesses with as much care as they planned their entries. Just as every owner starting out needs a business plan, every owner looking to retire needs a succession plan to help transfer ownership and to achieve his or her retirement goals.
Read MoreIRC §1031 Tax Free Exchanges
Internal Revenue Code §1031, Exchange of property held for Productive use or investment, was enacted in 1921.
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