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by dmckeon
3311 days ago
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Well, the government has thought of it,
and, at this point, appears to think it is legal. Look up "family limited partnership" or see: http://scholarship.law.marquette.edu/cgi/viewcontent.cgi?art... https://www.forbes.com/sites/brianluster/2014/03/18/why-form... Note especially the discount from fair market value
for shares of interest in an FLP. [usual disclaimers - not a lawyer, not legal advice,
see a qualified professional in your jurisdiction, etc.] The problem with tax/estate planning is the same problem as insurance
- the time when you really want to have done it
is often the time when it is too late to get it.
(e.g., founder/owner is dying, building is flooding or on fire, etc.). |
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