Now’s the time to start thinking about an ownership transfer
$225.00
Description
Abstract: Contractors who wish to transfer ownership to the next generation (rather than sell to a third party) might be wise to start such transfers sooner rather than later — especially this year, before the $5.12 million federal gift tax exemption drops to $1 million in 2013 (absent congressional action). But, as this article explains, it’s not necessary to transfer the entire interest. Those wishing to maintain operational control might hold on to more than half of their interest, or, alternatively, set up a family limited partnership.
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