PERSONAL & FAMILY GOALS
control of the business itself and receiving income from the business, while your children can be limited partners. By transferring the business to an FLP, you may be able to use valuation discounts and substantially reduce the value of the business for tax purposes by making annual gifts to the limited partners. COMMON BUSINESS SUCCESSION PLANNING OBJECTIVES: ENSURE SMOOTH, SEAMLESS TRANSFER OF OWNERSHIP TRANSFER BUSINESS TO NEXT GENERATION
ENSURE BUSINESS CONTINUITY RETIRE WITH INCOME SOURCE MINIMIZE GIFT AND ESTATE TAXES
To explore how the preceding article could potentially impact your situation, please contact a Commerce Trust advisor. 1-855-295-7821 | commercetrustcompany.com Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2016. Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable – we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
Wealth | Investments | Planning Commerce Trust Company
Commerce Trust Company is a division of Commerce Bank.
NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
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