Business Broker in Florida - Sell a Company in Florida

October 1, 2011

Tax Court Rules That Transfers of Stock into an FLP Were an Indirect Gift to Children

The Tax Court has ruled that transfers of stock into an FLP were indirect gifts to children. In the present case, a couple created two Family Limited Partnership interests. The ownership interest of the FLP was split between the husband,…

October 1, 2011

Mergers & Acquisition FAQ – October 2011

Q: In 2013, what happens to the Estate and Gift Tax? A: In the event Congress does not act on the Estate and Gift tax exemption, the levels will revert back to $1,000,000 each. While it is likely Congress will…

September 1, 2011

Legacy Advisors Is Growing & Relocating

Legacy Advisors is pleased to announce the latest expansion our professional service offerings. Mike Ertel, Managing Director/ Broker of Legacy M&A Advisors, LLC, is now affiliated as a registered rep with StillPoint Capital, LLC, an international investment banking firm serving…

September 1, 2011

The Need and Methods Behind a Valuation

Introduction Along with deciding to engage in business succession planning and finding a successor, it is necessary to value a business. A valuation is necessary whether the business is to be transferred to an heir or third party or for…

September 1, 2011

Tax Court Rules That Minority Interest Discount And Lack of Marketability Discounts Apply To Valuation of Family Limited Partnership Interest

The Tax Court ruled that a minority interest discount and lack of marketability discount applied to the valuation of a family limited partnership (FLP) interest. In the case, the decedent, daughter, and son-in law formed an FLP and a limited…

September 1, 2011

Mergers & Acquisition FAQ – September 2011

Q: When the Budget Control Act of 2011 passed, were any tax provisions included within it? A: A full read of the text has not revealed any new tax provisions within the law. However, it is apparent that this act…

August 1, 2011

Avoid the Major Pitfalls in Selling A Business – No. 1 – Not Allowing Sufficient Time

Selling a business is something that most business owners will only attempt once in their career. With an estimated 70% – 90% of their total net worth tied up in their business, they can’t afford to make a costly mistake,…

August 1, 2011

Looking Ahead to Alternative Paths for Business Succession

Introduction How are you going to end the relationship with your business? Believe it or not, that day will come. Fortunately, you have a number of options to plan your exit and watch your legacy continue. Four good, viable options…

August 1, 2011

Tax Court Disallows Individual Deduction for Sub S Corp Losses Because Corporation Filed Bankruptcy Prior to Year End

In a Tax Court decision, it was decided that an individual was not eligible for losses stemming from an S corporation because he declared bankruptcy. In the case at hand, the taxpayer filled bankruptcy near year-end. The taxpayer then attempted…

August 1, 2011

Mergers & Acquisition FAQ – August 2011

Q: I am planning on buying a large piece of equipment, is there anyway I could deduct the cost of this equipment rapidly? A: Yes. If the equipment is new, “bonus” depreciation can be taken against the asset. Additionally, regardless…