Small Business Tax Planning is the essential handbook for the closely held business owner. For years, advisors have held the information that small business owners need in order to organize, operate, expand and transfer their closely held business or businesses. Should it be formed as a partnership, corporation or LLC? If as a corporation, should it be an “S” corp or a “C” corp? Should it switch from what it is now? With respect to operation, should it purchase the real estate it uses? What agreements do the owners need to protect the business and its continuation? What happens if one or all owners want to sell? How should the transfer be structured? What if there are family members interested in taking over control of the business? What if no family members are interested? What special estate planning issues need to be taken into consideration when planning for the owner of one or more closely held businesses?
Written by a tax and business planning expert who has owned and advised closely held businesses and their owners for over twenty-five years, this second edition of Small Business Tax Planning has been completely rewritten and updated for 2010.
If you are a small business owner who is not a tax expert, read this book. It will tell you what you need to know and what they should have taught you, but didn’t!
