Charitable Giving: Now or Next Year?

2017-05-19T16:34:17+00:00 November 28, 2016|Sponsor Insights|

As we work with our clients on year-end tax planning we are continually asked when is the best time to make a charitable contribution. This year, with President-elect Trump’s proposed tax reform there is an argument for accelerating charitable contributions in 2016. However, it depends on each individual’s tax situation. First, some background. The tax [...]

The Value of a Discount

2017-05-19T16:34:18+00:00 October 28, 2016|Sponsor Insights|

I’m going to let you in on a little secret, that’s not much of a secret: estate planning attorneys have been effectively reducing the value of family businesses for years. Now, before you make a joke about lawyers’ fees, let me explain. Generally speaking, business owners are looking to maximize the value of their stock, [...]

Keeping a Family a Family and a Business a Business

2017-05-19T16:34:19+00:00 May 24, 2016|Q&A, Sponsor Insights|

By: Carolyn A. Thompson, Founder Thompson Law, PC, Sioux Falls, SD Every prudent business family should schedule a consultation with a good business succession lawyer so that they can begin discussions on how to keep their family a family and their business a business. Waiting until they "have time," or "have it all figured out," [...]