Buy-sell agreements exist in many, if not most, closely held businesses having substantial size and/or value. And they exist between corporate joint venture partners in many thousands of enterprises.
Buy-sell agreements exist in many, if not most, closely held businesses having substantial size and/or value. And they exist between corporate joint venture partners in many thousands of enterprises.
I have been an expert witness in the business valuation and corporate damages areas for many years. When I wrote my first book, Valuing Financial Institutions, in 1992, I explained the steps I took before each testimony experience to assure, to the extent possible, that the outcome of each testimony was successful.
The Wandry case is a boon not only for business owners but also wealthy families with family limited partnerships or entities holding publicly traded stocks.
Mercer Capital’s review of Estate of Giustina v. Commissioner
This important decision contains lessons for business appraisers and users of business appraisal services.
The case of Astleford v. Commissioner is noteworthy for a number of reasons.
The Estate of Charlotte Dean Temple in United States District Court (No. 9:03 CV 165(TH) was adjudicated on March 10, 2006.
Estate of Noble v. Commissioner was filed on January 6, 2005. This articles notes two important issues that are raised by Noble.
The Family Limited Partnership (“FLP”) has been a common estate planning technique for the nation’s wealthy. For years it allowed families to avoid some tax liability when transferring assets to heirs by first placing those assets in a FLP.
The Tax Court’s decision in Albert J. and Christine M. Hackl v. Commissioner has provoked a lively discussion about how to achieve discounts to net asset value and still qualify for the annual exclusion.
On January 18, 2000, the U.S. District Court for the Western District of Texas issued an opinion in the first limited partnership case to be tried in federal court.