Estate Planning for Entrepreneurs – Part 3: Appraising Your Most Valuable Asset
A small business owner typically has the vast majority of their net worth invested in one asset – their business. While the situation is often unavoidable and ultimately difficult to change, the business owner is in a high risk position.
The July issue of the Journal of Accountancy included an excellent article written by Justin R. Ransome and Vinu Satchit (read here) that discusses the recent developments in the law regarding valuation discounts for closely held businesses.
