For more information: Harsha Desai, Director, Loyola Center for Closely Held
Firms, the Sellinger School, 4501 N.
People" issues in a divorce arise when one or both of the divorcing parties manage a closely held
business or, perhaps, neither party plays a part.
CPC tracks developments affecting private and closely held
companies, promotes information exchange among interested members and oversees the development of programs, products and services that address its constituents.
Taxpayers should be sure to provide evidence of stock valuation in closely held
corporations based on the worth of the underlying property.
For instance, if investors or lenders will use the valuation as a basis for determining the value of equity shares in a closely held
business, recognize that in most states these parties will likely have the right to sue the firm that prepared the BV if a subsequent valuation dispute arises.
The company operates 11 banking center locations throughout the greater Chicago metropolitan area and provides a full range of financial services to closely held
businesses and the people who own and manage them.
This control conies at a price, however; such a foundation cannot accept gifts of closely held
In cases involving spouses and their closely held
corporations, the courts have held conflicting opinions on the answer to this question.
Ben Bisconti, Managing Director of Accel-KKR, said, "We are pleased with our investment in Saber Consulting, which reflects our focus on well-run small and mid-sized family or closely held
technology companies that are located outside of traditional technology corridors, and are well positioned for growth.
1042, if shareholders of a closely held
C corporation who have held their stock for at least three years, sell that stock to an ESOP, they call defer gain recognition on the sale in certain circumstances.
CPAs who work with estates know that, if a decedent owned stock of a closely held
business at his or her death, the value of the stock generally must be determined if an estate tax return will be filed.
Our expertise in mergers and acquisitions, business valuation, and financial and fairness opinions has been gained through the performance of hundreds of engagements for closely held
businesses, middle market companies, and "Fortune 1000" clients.