One of the most popular business entities today is the Limited Liability Company (LLC). The LLC combines the flexibility and pass-through taxation potential of a...
Author - John Erik Fraker, Esq.
One of the most troubling tendencies we see as attorneys is the large number of small and medium-sized businesses that still operate as a sole proprietor or general...
AF: Since they are buying the stock, they would need to earn, at an average income tax rate of 20%, $2,400,000 in pre-tax income to pay $400,000 in income taxes and have...
C: Are you seriously telling me that the Internal Revenue Service will give me an extra $300,000 just to sell to the ESOP so that my employees can own the company? AF:...
AF: That’s where the leverage comes in. Assuming your business is worth $2,000,000, and we will need an expert appraisal, a bank will likely be most willing to...
ESOP’s Fable – In Which the Small Business Owner Sells his Privately-held Company for Fair Market Value Part 1 of 4 Perhaps you have heard this story as...
In our prior post, we examined the extensive technical requirements to qualify as a Type III Supporting Organization. So why would any Donor willingly subject him or...
A “Type III Supporting Organization” is an organization that is “operated in connection with” an IRS-approved supported organization. By virtue...
Ordinarily, charitable organizations have been classified by the IRS as either Private Foundations or as Public Charities. The difference in tax benefits, not to mention...
The Charitable Lead Trust (CLT) is often thought of as the opposite of a Charitable Remainder Trust. Unlike a Charitable Remainder Trust, which pays an income stream to...