J. K. Lasser's Finance & Tax for Your Family Business

There are roughly thirteen million family business owners in the United States today. For many of these businesspeople, the most daunting part of running a successful business is handling the complicated legal and tax aspects that affect them. This guide covers all the relevant tax and legal aspects of starting, running, and transferring a family business. It discusses organizational aspects and capital formation issues as well as the implications of divorce or departure on the operations. Also it explains the best strategies for passing the business on to future generations, including the ramifications of buy-sell agreements within a family context and estimating estate tax consequences.