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.
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.
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.
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.