Accounts can start as low as $5,000 or as high as $1 billion and deliver outstanding tax benefits for a wide range of gifts from cash and appreciated securities to closely held shares
(Investable market statistics exclude closely held shares
that are not available for trading.
The bourse is valued at about A[pounds sterling]160 million ($247 million), based on the last published price of its closely held shares
, according to Niamh Alexander, an analyst at KBW in New York.
Close_Held : Percentage of closely held shares at the end of event year 0 (event year t for the management turnover and employee layoffs analyses);
It was expected that the coefficients on the percentage of closely held shares ([Close_Held.sub.0]) and labour productivity (industry-adjusted sales per employee, [Labor_Prod.sub.-1]) variables to be negative, because prior researches (e.g.
A 1995 stock offering moved company ownership from closely held shares
traded over the counter to the broader equities market, and about that time Hardinge embarked on a series of acquisitions that brought in such brands as Kellenberger, Hauser, Tripet, and Tschudin grinders, and Bridgeport mills and MCs, as well as buying out its Taiwanese partner in the production of drilling machines.
* Create a controlled market for closely held shares at objectively determined value.
* Create a controlled market for closely held shares at an objectively determined value.
Traditional reasons for using buy-sell agreements are to establish a degree of certainty regarding the continuing ownership of a business, to provide a market for closely held shares
, to provide certainty as to the value of shares for estate tax purposes, and to provide restrictions regarding operational matters, e.g., voting control, protection of S corporation status (if elected), tax accounting methods, and payment of dividends.
The valuation of closely held shares
often involves the issue of minority interest.
The IRS in both instances stated that the closely held shares
were nonproductive property within the meaning of the regulations, as no dividends had been paid over extended periods of time.
59-60 also dealt with the concepts of minority interests, control value and the marketability of closely held shares
: "The size of the block of stock itself is a relevant factor to be considered.