Join us for a discussion to learn how the Next
Generation can afford to buy the Family Business.
Most
closely-held, family-owned, private businesses employ the owner(s).
Dollars
that the business allocates to an owner are not very tax efficient or cost
effective. They are not deductible and the value associated with them is
included in the owner's taxable estate.
The
same dollars allocated to selected key employee(s) are either tax deductible or
estate tax free.
Herb will define and explain a process that
shows conventional wisdom of the seller “bonusing” the necessary funds to the
buyer may actually be a tax Inefficient
way of doing it..
Read Herb’s White Paper and join The Network of Family
Businesses for a virtual educational Webinar on Thursday,
April 25th, 2013 at 11:00 AM EST, with Herb.
Herbert K. Daroff, J.D.,
CFP(R) Herb is an attorney by education and very proud
to be a financial advisor by profession. He heads up Estate and Business
Planning for Baystate Financial Services in Boston where he provides custom
case design and is also available on a consultation basis. He has been actively
involved in the financial services industry since 1973. Herb is on the faculty
at Bentley University in Waltham, MA.
Mr.
Daroff graduated from Drexel University with a B.S. in Commerce and Engineering
in 1975, and Temple University - School of Law with a J.D. in 1979.
Herb
is very active in volunteer efforts in his community and the financial services
industry. He is Past President of the Greater Boston Chapter of the
International Association for Financial Planning (IAFP, now the Financial
Planning Association, FPA) and served as a member of the national IAFP Ethics
Committee. Herb’s creativity, experience, and resourcefulness enable him to
work very well with clients and their professional advisory team in order to
implement responsive solutions for financial objectives.
Registration to join The Network of Family
Businesses and be eligible for the On-Line Educational Seminar is available at:
http://www.netfamilybusiness.com
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