September 2010

Lies Article, “The Lower the Value, the Greater Gift!,” Published in Construction Today

Thinking of gifting an interest of your company to your children? Well this is a great time to do it.

Uncertainties in the construction industry and low valuation multiples, have created the perfect environment for your company to receive a lower business valuation. And this is one time where you actually want your business to appear to be worth less! Depressed asset values translate to lower estate and gift taxes on interest transfers.

Richard Lies, Director in Blackman Kallick’s Corporate Finance Consulting group, explains why along with other external factors, such as potential changes in valuation and tax rules, now is the time to make a gift. As well as the steps you will need to take to take advantage of this opportunity.

Read Rich’s article,“The Lower the Value, the Greater Gift!,” in the September 2010 issue of Construction Today.

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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.