In its recent decision in Connelly v. U.S., the U.S. Supreme Court held that life insurance proceeds received by a corporation to fund an obligation to purchase a deceased stockholder’s shares in the corporation must be...more
7/17/2024
/ Beneficiaries ,
Business Succession ,
Buy-Sell Agreements ,
Connelly v United States ,
Estate Tax ,
IRS ,
Life Insurance ,
Purchase Agreement ,
SCOTUS ,
Shareholders ,
Surviving Entity
In many ways, the labor market is as competitive as ever. Businesses continue to explore compensation packages, in addition to ordinary salary, that will help them attract, hire and retain talent. One method of compensation...more
4/2/2024
/ Capital Gains ,
Deferred Compensation ,
General-Business ,
IRS ,
Ownership Interest ,
Partnership Agreements ,
Partnerships ,
Pass-Through Entities ,
Profits ,
Profits Interests ,
Self Employed ,
Tax Cuts and Jobs Act ,
Tax Reform