December 2016

Transition Process Empowers

Larry Grypp, President of the Goering Center


It was a rough Presidential campaign, but you could feel the shift within a day or two -- at least among the president and president-elect, if not the electorate. The time to focus on a peaceful transfer of power had begun. The orderly process was starting.

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Climbing the Tax-Efficiency Pyramid to Lower Taxes

Tim Voorhees, Principal Partner, Matsen Voorhees Mintz Law, and President Family Office Services & Scott Sims, Principal Partner, The Pinnacle Group

To illustrate the impact of taxes, it is useful to look at how taxes reduce returns across time.   Consider an owner who has $500,000 of excess income (e.g., income not used for lifestyle expenses) this year or over the next few years. 

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Proposed Regulations Add Tax Bite To Family Transfers

Scott Cress, CPA, CVA, CM&AA at Barnes Dennig CPAs


In early August 2016, the IRS released proposed regulations regarding the valuation of interests in family-controlled entities. Specifically, the Proposed “2704” Regulations focus on the elimination of most discounts when ownership interests are transferred between family members when a majority interest is held inside the family.

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Uncertainties and Opportunities 

Lee Stautberg, Dinsmore & Shohl, LLP


The recent Presidential race and general tenor in Washington, the fact that the markets hovered near all-time highs while interest rates hovered near all-time lows and the constantly changing tax code raise a number of concerns for families and businesses.  

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Forget the Price – Focus on the ATWAM


William R. Ernst Managing Director at GBQ Partners

What is my business worth?  Eventually every business owner asks this question. Worth, like beauty, is in the eye of the beholder.  What your business is worth to you is likely to be a far different number from what your business is worth to a prospective buyer.

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