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Rob Labe and Tom MacFarlane discuss how a trustee can minimize risk when administering a trust that holds a business.
Holding Business Interests in Trust
| CLE: 1 | Level: Basic/Intermediate
Holding business interests in trust has its advantages but can also create a tax disaster. Avoid losing S corporation status, advise trustees, and plan for a smooth transition from the business owner to other family members or key employees.
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