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Will Your Family-Owned LLC Be Required to Pay the Fair Value of a Withdrawing Member’s Interest?

USA - July 13 2017 Family-owned businesses that are organized as limited liability companies typically reflect the terms of the company’s governance, along with the...


Do You Have an Enforceable Contract for the Sale of Family-Owned Business Interests or Just an Agreement to Agree?

USA - May 10 2017 Family members often transfer family-business ownership interests or other assets between each other. Their discussions sometimes progress from...


If You Expect to Work in the Family-Owned Business for Life, Be Sure to Get It in Writing

USA - April 27 2017 Family-owned businesses often employ multiple family members. Even if there is an expectation that employment will continue indefinitely, the company...


Corporate Formalities Matter in the Transfer of Shares of Family-Owned Businesses

USA - April 18 2017 Shares in family-owned businesses are often transferred between family members, whether through a sale or gift during a shareholder’s lifetime or...


Are you paying your children too much to work in the family business? The IRS might think so.

USA - March 15 2017 A United States Tax Court recently issued a decision after trial that should serve as a reminder to management and controlling shareholders of...