Post: Proprietorship and estate taxes

Posted by Smallbiz on 1/23/06

Parent's sole proprietorship worth about $3mm. How best to
get it into the children's, and 1 unrelated employee,
ownership while reducing his potential estate taxes and or
gift taxes. Should he set up an S-corp and transfer stock
into our names? Does an LLC make a better chioce?

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Proprietorship and estate taxes, 1/23/06, by Smallbiz.