An Estate Planner's Guide to Buy-sell Agreements for the Closely Held Business

Front Cover
American Bar Association, 2007 - Law - 135 pages
0 Reviews
Nationally known estate planning authority Louis A. Mezzullo provides comprehensive yet practical advice for designing an effective buy-sell agreement to be used as an exit strategy or as part of the succession or estate planning process. He explains what to consider when drafting an agreement for a C or S corporation, a partnership, or a limited liability company. Tools include the suggested terms of a well-drafted agreement, discussions about funding options, tax consequences, and valuation. Includes CD-ROM with sample agreements.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

INTRODUCTION
1
OBJECTIVES OF A BUYSELL AGREEMENT
3
B For the Deceased Owners Estate
5
For the Retired or Disabled Owner
7
D For the Remaining Owners
8
PLANNING CONSIDERATIONS
11
B Types of BuySell Agreements
15
D Suggested Terms of a BuySell Agreement
22
C Preserving the S Corporation Election
72
E Distributions to Pay Taxes
75
F OneClassofStock Requirement as It Affects BuySell Agreements
76
G Other Considerations
78
SPECIAL CONSIDERATIONS FOR PARTNERSHIPS
81
SPECIAL CONSIDERATIONS FOR PROFESSIONAL CORPORATIONS
83
D Triggering Events
84
E Tax Consequences
85

7 Drag along tag along and other rights
28
2 Other funding methods
29
ESTABLISHING THE VALUE FOR ESTATE TAX PURPOSES
33
B The Impact of Chapter 14 on Valuation
34
C Exceptions to IRC 2703
35
E Effective Dates
47
OTHER TAX CONSIDERATIONS
63
SPECIAL CONSIDERATIONS FOR S CORPORATIONS
71
F Potential Sale of Practice
86
G BuyIns and BuyOuts
87
CONSIDERATIONS IN VALUING INTERESTS IN CLOSELY HELD BUSINESSES
89
C Premiums
91
SPECIAL CONSIDERATIONS APPLICABLE TO FAMILYOWNED BUSINESSES
95
B Planning for Possible Divorce
96
Copyright

Other editions - View all

Common terms and phrases

Bibliographic information