Gifting Strategies for Closely-Held Businesses

Private client associate Brian Balduzzi spoke on a panel on the topic of gifting strategies for closely-held businesses. The sale or succession of a closely-held or family business is among the most monumental decisions in a client’s personal and professional life. 

The panelists discussed multiple client hypotheticals to illustrate some of the various tax, financial and estate planning tools and considerations for families considering the exit and transition of a closely-held business, including, but not limited to, entity re-organization and structuring, tax elections, estate and charitable planning, income tax mitigation and deferral opportunities, and exit strategies.