Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a dividend distribution is taxable to you as a shareholder but it’s not deductible by the corporation. But there are several alternatives that may allow you to withdraw
closely held business Archives - Crawford Ellenbogen
Oct 3, 2019
Withdraw cash from your corporation while avoiding dividend treatment
- By Ellenbogen
- Business, Taxes
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Feb 6, 2019
An ESOP can benefit a business owner’s retirement and estate plans
- By Ellenbogen
- Business, Estate
- 0 Comments
If your wealth is tied up in a closely held business, lack of liquidity can create estate planning challenges. Selling your business shares to an employee stock ownership plan (ESOP) converts them into liquid assets. If the ESOP owns more than 30% of the company’s outstanding common stock immediately after the sale, you may be