The June 6 unanimous ruling by the United States Supreme Court in Connelly v. United States creates a significant change for closely held businesses planning to utilize life insurance proceeds to fund buy-sell agreements....more
6/7/2024
/ Audits ,
Buy-Sell Agreements ,
Closely Held Businesses ,
Connelly v United States ,
Estate Tax ,
Fair Market Value ,
IRS ,
Life Insurance ,
SCOTUS ,
Stock Redemption ,
Valuation
How is Change in Ownership Defined?
On October 2, 2020 the Small Business Administration published SBA Procedural Notice (5000-20057) (the “Notice”), which was effective on that date. The Notice outlines rules that apply...more
10/15/2020
/ Acquisitions ,
CARES Act ,
Change in Ownership ,
Coronavirus/COVID-19 ,
Federal Loans ,
Loan Forgiveness ,
Mergers ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Sale of Assets ,
SBA ,
SBA Lending Programs