Estate and Family Business Planning

Transitioning a private business, usually family owned from one generation to the next is one of the trickiest estate planning conundrums.  We review successful strategies to minimize taxes and pay for those that remain, encourage orderly leadership changes, compensate owners and non-owners, and take steps to position a business for future success.  Both tax and non-tax aspect of various strategies are discussed, including involve the family’s charitable objectives where applicable.

This keynote presentation will address the following issues:

• The problem in a nutshell
• Components of a business succession plan
• The parties
• Sale of business equity during owner’s life
• Securing retirement income for owner
• Keeping the business in the family
• Options for disposition of business equity
• Business succession documents
• Paying the tax – IRC §6166 and GRAEGIN Loans
• Marriage, divorce, and the family business
• Transfers of subordinate equity interests and business opportunity transfers
• Giving the business to charity
• Charitable deduction overview
• Closely-held business interests generally
• Charitable gifts of C Corporation stock
• Charitable gifts of partnership or LLC interests
• Charitable gifts of S Corporation stock
• Use of supporting organizations to hold stock
• Charitable gifts by the business entity
• Selected musings on Charitable Lead Annuity Trusts