Two Novel Approaches To Family Business Succession Planning
In the right situation, two novel approaches are available for transitioning ownership of a family business. They are a “profits interest” in entities such as a limited partnership (LP) or a limited liability company (LLC) that is taxed as a partnership and a corporate spinoff. Read More >
Using Intra-Family Loans as a Wealth Transfer Strategy
One of the primary strategies for making lifetime transfers to family members is outright gifts. Outright gifts require relinquishment of full dominion and control over the gifted property, and they may have gift tax implications.
An alternative to outright gifts to family members is intra-family loans. If properly structured, intra-family loans will not result in any gift tax consequences, or the relinquishment of wealth by the family member making the loan. Read More >
Dear Clients and Friends:
We sincerely appreciate hearing from so many of you and your expressions of concern during this unprecedented event in Houston. We hope that you and your families are safe, and want you to know that our team at Linn Thurber is all safe, secure, and here to meet your needs. Please be aware that the September 15 tax filing deadline has already been extended to January 31, 2018. Read More >
HOUSTON (August 1, 2017) – Linn Thurber LLP, a Houston-based CPA firm, was recently named as one of the 2017 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees.
This survey and awards program is designed to identify, recognize and honor the best employers in the accounting industry, benefiting the industry’s economy, workforce and businesses. The list is made up of 100 companies. Read More >