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Beth Kaufman Discusses Tax Benefits of Succession Planning for Family-Owned Businesses

March 14, 2016, Builder Magazine

Firm President Beth Shapiro Kaufman spoke with Builder Magazine on the tax benefits of family-owned businesses developing and implementing a succession plan.  Visit Builder Magazine's website to see the full article. 

Excerpt taken from the article.

In other instances, the succession structure families set up can have a big impact on limiting tax liability. "If there are family members in a position to lead the business, you can set it up through a series of gifts or sales of interests to the next generation," says Beth Shapiro Kaufman, member at Washington, D.C.-based law firm Caplin & Drysdale, which specializes in succession planning within the real estate sector.

Selling to a partner or employees

"A sale to a partner can be negotiated on terms satisfactory to both sides, if you set it up right," says Kaufman. That can include a buy-sell agreement that establishes the price at which one partner buys out the other, if the remaining partner has the cash.

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