In the realm of business planning there are several paths that business owners may take to achieve their succession and estate planning goals. It is essential to tailor the right buy-sell plan and fund it, but it can be just as important to follow the formalities of the plan established. This was demonstrated by the recent Connelly case, which was discussed in June’s Central Intelligence and is explored more deeply in our latest “Entity-redemption buy-sell planning after Connelly v. U.S.” blog accessible below.
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