A Closely Held Business can be passed on under a Will or Revocable Living Trust. From this it does not follow that the Will or Trust serves as a succession plan for that business.
No two succession plans are identical, but one key question is whether the business should be sold by the parents while...
By Gregory F. Monday and Wendy S. Rusch
On Friday, August 5, 2011, Standard &
Poor's downgraded the long-term credit rating for U.S. treasury debt
from AAA to AA+. One of the ripple effects of this action may be to
cause an increase in the safe harbor interest rates for intra-family
Introduction The transition of a family owned
or closely-held business is a significant undertaking even with the best
laid plan. This article will outline the issues that should be
considered by the business owner in transitioning a business. Types of Business Succession...
By Stephen Taylor
Oast & Hook has previously examined the growing popularity of the limited liability company ("LLC") as a valuable tool for estate and business succession planners and their clients. See "Limited Liability Companies: The Entity of Choice for Estate and Business...