Estate Tax Valuation: Business Freeze The value is the fair market value. This is construed to mean the price at which the property would change hands in an arm’s length transaction between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of…
Phantom Stock: benefiting a hard working employee • Many small business owners wish to provide an incentive to a particularly hard working employee or several employees but prefer to keep actuall ownership of their business in the family. Formal employee stock option plans or 401(k) plans may be too expensive and involve complex rules. Phantom…
Corporations: General discussion: Business corporations control the largest proportion of the wealth and business of our country. Originally called societies, corporate personality was recognized as far back as 1754 B.C. in the law of the Babylonian Empire, four thousand years ago, as well as by the Roman law. Modern corporations have 6 distinct characteristics. They…
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