Joanne M. Wandry and Albert D. Wandry vs. Commissioner of IRS, T.C. Memo 2012-88, Filed March 26, 2012. The Facts: Albert and Joanne Wandry formed the Wandry Family Limited Partnership (“Wandry LP”) in 1998, contributing cash and marketable securities to the partnership. The Wandry’s spoke to their tax attorney regarding the gift tax consequences of […]
Why would two companies in the same industry, with the same financial performance, command vastly different valuations? The answer often comes down to how much each business is likely to grow in the future. The problem is that a lot of successful businesses reach a point where their growth starts to slow as the company […]
It may surprise you to learn that over 70% of former business owners regret selling their companies less than a year after the sale. What accounts for this seller’s remorse? The main reason is lack of preparation on the part of the business owner. Case in point – Roger Elkhart sold his commercial construction company […]
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