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Carrying on — Divorce case turns on often overlooked valuation discount
Fall 2012
Newsletter: Expert / Valuation & Litigation Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 742
Abstract: Many business owners, investors and their attorneys may be familiar with reducing the value of an ownership interest for lack of marketability or lack of control. But these aren’t the only discounts a court may apply. This article looks at a divorce case in which the value of the spouses’ ownership interests in their real estate development companies was in dispute. The wife asserted that specific discounts applied to the value of the companies’ assets shouldn’t be applied again when valuing ownership interests in the companies. The court agreed in principle, but this article explains why she still lost the case. Citation: Barth v. Barth, No. WD73727, April 10, 2012 (Mo. App., Western Dist.)
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Build your bonding capacity with a solid foundation
July / August 2012
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 742
Abstract: A high bonding capacity is something for which just about every contractor strives. Getting the necessary underwriting from a surety gives a construction company the freedom to bid on jobs well suited to its strengths — not to mention bigger projects with greater potential for profitability. This article lists the elements sureties are looking for, such as strong financial statements, profitability and working capital. Timely, accurate work-in-progress (WIP) reports are also essential, as is ongoing communication with the surety.
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Helping businesses through worst-case scenarios — Key-person discounts estimate the value of a VIP
May / June 2012
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 742
Abstract: If a business depends greatly on just one or two people, a valuation discount may be appropriate to reflect the risk of damage to the business should such a key person die or otherwise leave the company. To determine whether the discount is warranted, a valuator will examine a wide variety of factors. This article lists those factors and explains how the valuator determines an appropriate discount.
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Manage your wealth with gift tax planning
October / November 2011
Newsletter: Trendlines
Price: $225.00, Subscriber Price: $157.50
Word count: 742
Abstract: Anyone interested in smartly managing his or her wealth needs a gifting strategy — both for estate planning purposes and for minimizing the taxes they and their loved ones could face in the here and now. This article shows the benefits of creating a family limited partnership (FLP) or a family limited liability company (FLLC) to transfer interests in a family business, and the tax advantages of establishing certain trusts — such as grantor retained annuity trusts and charitable lead annuity trusts.
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EESA provides businesses with 2009 tax-saving opportunities
April / May 2009
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 742
Abstract: While business owners may be focusing on the latest stimulus legislation and other potential tax law changes that may pass in 2009, it’s important not to forget about tax breaks signed into law last year. This article reviews some key provisions offered by the Emergency Economic Stabilization Act (EESA) of 2008 that may provide you some tax-saving opportunities.
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Life insurance planning: Avoiding the 3-year rule
March / April 2008
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 742
Abstract: Life insurance is a fundamental component of most estate plans. And with proper planning, the insurance proceeds can also be exempt from estate taxes. The key to keeping life insurance out of a person’s taxable estate is to make sure he or she doesn’t own the policy or possess any “incidents of ownership” in it, such as the right to change beneficiaries or borrow against its cash surrender value. This article details how to keep insurance proceeds out of an estate.