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T.L. Morson and Associates, Pllc

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Tag: closely-held business

Generally, a closely held corporation is a corporation that: Has more than 50% of the value of its outstanding stock owned (directly or indirectly) by 5 or fewer individuals at any time during the last half of the tax year, and. Isn’t a personal service corporation.

Why Buy/Sell Agreements Matter

April 26, 2020January 23, 2023
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| Articles, Blog
Buy/Sell Agreements

Why buy/sell agreements matter The majority of businesses created in the United States are small businesses. Therefore, many of these companies are not publicly traded and thus create the need for Buy/Sell agreements. Closely-held businesses are formed as LLC’s, Partnerships, or C-Corporation. So, determining the value of a closely held corporation is challenging. Large publicly […]

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