Gifting interests in a closely held business can be an effective estate planning technique. It can save on estate taxes and reward family members for their hard work in running the family business, while transitioning ownership to the younger generation.
We are excited to exhibit at the inaugural Startup Missouri Expo tomorrow, October 30, 2019. Make sure you come visit us at booth 103 at
As closely held business owners know, their financial plans, retirement plans and estate plans are inextricably linked to the value of the business.
If you run the odds on any procedure you perform, drug you prescribe, or diagnosis you make, there will be a statistically predictable number of bad outcomes and consequently, a malpractice suit. This has nothing to do with the doctor personally and everything to do with imperfect nature of medicine.
Developing a proper business plan, securing financing, marketing, paying taxes and all of the other small, but significant, details will surely be some of the most challenging yet rewarding work that you will perform in your lifetime.
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