Business Succession Planning – Should I Own My Business In A Trust?
Closely-held businesses come in all shapes and sizes. Some owners own 100% of their businesses. Some have partners. Some have children in the business. Some do not. A common question that a client asks the business and tax planning professional is, “Should I own my business in a trust?” There are, of course, many nuances to this question, and every situation is different. Nonetheless, below are some important considerations in evaluating the benefits of having…