Successful estate planning generally involves passing on your assets to your heirs at a low tax cost. To help achieve that goal, there are a few things to keep in mind about retirement accounts. Required Minimum Distribution Facts Under tax law, you cannot keep money in a traditional IRA indefinitely. Eventually, it must be distributed….
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Valuations in Shareholder Disputes
Shareholder disputes are common occurrences in today’s complex business world. These disputes can often be divisive, long-lasting and expensive. They can arise in almost any privately owned business — sometimes without warning. Here are come common types of lawsuits minority shareholders may file against controlling shareholders: Dissenters Rights Actions State law may give corporate shareholders the…
What Professional Standards Apply to Business Valuations?
A common question posed to business valuation experts who testify in court is: “Did you follow appraisal standards in performing your engagement?” The next question is likely to be: “Which ones?” There are a number of different standards that cover business appraisal practice. USPAP Requires Appraisers to: 1. Understand and correctly employ recognized methods. 2. Not…