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  • Passing the Family Business on to the Next Gen Equally When Some of the Children Will Not Be Active; 2023 Annual Meeting of the Tax Bar and Tax Policy Conference
    CLEtoGo (Podcasts)
    • Credit(s): 1 Legal Specialization in Estate Planning; Trust & Probate Law, 1 Legal Specialization in Taxation Law, 1 Participatory MCLE Credits
    • Course Number: TAX_AM_2023_09
    • Original Program Date: November 2, 2023
    • Duration: 1 hour 3 minutes
    • Access: Available for 3 months after Registration
    • Passport: This product is Passport Eligible
    CLEtoGo (Podcasts)
    • Non-Member Price
    • $65.00
    • Member Price
    • $45.00

  Description

An analysis of the obstacles and available alternatives in passing ownership of a family business on to the next generation when the senior family member desires to treat all the children equally, but some of the children will not take an active role in running the family business or key employees are needed to assist in management. The speaker will discuss planning ideas such as selling a business to key employees without reporting any gain using the preferred partnership structure or using a private annuity for a healthy individual to pass the family business on to the next generation without any estate tax exposure 

  Credits

1 Legal Specialization in Estate Planning; Trust & Probate Law  

1 Legal Specialization in Taxation Law  

1 Participatory MCLE Credits

  Faculty

  • Cameron HessBio
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    Cameron Hess Bio

    Cameron L. Hess, Esq., C.P.A., is a senior principal with Wagner Kirkman Blaine Klomparens & Youmans LLP and practices in the transaction department in the areas of taxation and business law. A Certified Public Accountant, formerly practicing with the international accounting firm of KPMG, Mr. Hess' practice includes entity formation (limited liability companies, family limited partnerships, nonprofit organizations and other) and state and local tax controversies (sales tax, franchise tax and property tax). Mr. Hess has over 25 years' experience in representing a diversity of industries and closely held businesses in real estate, construction, manufacturing and services.

  Materials

Passing the Family Business.pdf (0) (900 KB)
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