1) S Corporations are not subject to corporate AMT. In addition, although stock redemptions, as a result of death, generally do not result in an increase in basis for remaining shareholders, tax-exempt proceeds received by a "pass-through entity" such as a S Corporation or a partnership, give each co-owner a pro rata increase in basis.…
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What Are The Advantages Of a Buy-Sell Agreement? Part 1.
A buy-sell plan can provide numerous advantages to the estate of a deceased business owner, to a retiring or disabled owner, to the remaining or surviving owner(s), and to their families. Some of the important advantages are: 1. Provides continuity of management by requiring the estate or disabled owner to sell the decedent's or disabled…
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How Does Business Overhead Expense Protection Work?
As the owner of a practice or small business, you are key to its success. Your customers and employees rely on you. If you were to become disabled, there would not only be a personal loss of income, but significant consequences for your business as well. Just How Would Your Being Disabled Affect Your Business?…
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Have You Insured Your Retirement Plan Contributions?
Life has ebbs and flows, that's why planning ahead is so important. You care about maintaining your quality of life in the future, so you've worked hard to set money aside for your retirement. Of course that future depends heavily on your being able to make regular retirement plan contributions to build a sizeable nest…
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3 Reasons Why Consumers Purchase Life Insurance
3 reasons why consumers purchase life insurance April 21, 2015 The life insurance business can provide many services to consumers. Life insurance is also a tough market to sell. Many consumers have the wrong perception about the costs and hurdles this field brings, but there is still a demand for life insurance and there…
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