Closely held businesses produce over 50% of the Gross National Product (“GNP”).
Section 79 Planning Opportunities
Closely held businesses produce over 50% of the Gross National Product ("GNP"). Less than 50% of these businesses have a continuation plan and almost one-third of these companies (29%) use a buy-sell arrangement to assist in their planning. Buy-Sell agreements are very simple tools that over the years have grown to meet increasing needs of closely held businesses.
By
Lawrence L. Bell, Theodore J. Zouzounis And Stephen M. (pete) PetersonThis premium content is locked for Accounting and Financial Planning for Law Firms subscribers only
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