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Feb 02

Demystifying Discounts

Discounts for lack of marketability and lack of control or minority interest are essential elements of the valuation of stock or other interests in a closely-held business.  They are factors which a prospective buyer will consider in determining how much to offer for such an… Read More

Feb 08

Disappearing Discounts

While the federal estate and gift tax used to be assessed at a maximum rate of the confiscatory fifty-five percent (55%) (and for a few years and for very large estates, an astounding sixty-five percent (65%)) it is now at the historically low figure of… Read More