s corp

Advising the S-Corp Client

In November 2013 Life & Health Advisor featured “Advising the S-Corp Client”, by Russell Towers. Upon death, S Corp owners must be sure to have a business transfer plan in place; that will guarantee that family will receive the fair market value of their S-Corp shares. They must focus on two questions: What type of written buy sell agreement offers good tax and legal advantages? And where will the dollars be found to allow the buyers to finance the purchase of the shares from the estate of the seller? In addition to these questions, the article also provides a case example of S Corp stock redemption with short tax year election.
Download a PDF of the whole article or read it on the web.