cs1 Sonny is a dedicated, key employee. Though he only owns 20% of the stock in the business, he has always shared in decisions equally. The owner, Fred, has often said the company would never have grown so fast without Sonny as manager. This morning, Fred pulled Sonny aside and said he was getting out of the business in 5 years. His 27-year-old son, who has only worked in the business since finishing college, would be moved into the main office and groomed for the presidency. Sonny gave the business 20 years and thinks he deserves more. He feels betrayed and angry. THE MOST IMPORTANT BUSINESS DECISION YOU WILL EVER MAKE IS WHEN YOU SELL OR TRANSFER YOUR BUSINESS. If you’re like most entrepreneurs, your business represents most of your personal wealth-and most of the years of your life. Whether you sell it outright, transfer it within the family or to key employees, you are faced with many soul searching decisions. CFG specializes in business planning to help you through the process you are about to begin.
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Philanthropy - White Papers

A CLOSER LOOK AT A.R.S. 20-1104
Insurable Interest Rules for Charities—What’s it all about?
New techniques resurrect problems from the past
by Matt Donovan in Giving Counsel newsletter

"Charity Oversight and Reform: Keeping Bad Things from Happening to Good Charities" was the topic at a Senate Finance Committee hearing on June 22nd. Topics included involvement of charities in tax shelters, valuation of tangible and intangible property, and governance and best practices. The message was clear: charities had better behave. more

 

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