Stepping Over Dollars to Save Dimes: The Importance of Good Corporate Record-Keeping
Managing expenses is an issue for every business, but it is particularly an issue for small and closely-held businesses. For very rational reasons, exercises that might otherwise seem sensible, but for which there is no clear and quantifiable benefit, are typically put to the side… Read More
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Corporate and SecuritiesDemystifying 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
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