Generally the courts will accept as the federal estate tax value of a closely held corporate business the price established by a buy-sell agreement if all the following conditions are met EXCEPT:
But what about option D) The agreement requires a shareholder to first offer his stock to the corporation or other shareholders at the specified price if he wishes to sell it during his lifetime?
I think the correct answer is A) The agreement requires the payment of liquidated damages to the survivors if the executor fails to carry out its terms.
I disagree, I believe the answer is C. The courts wouldn't accept a value if the deceased shareholder's executor is required to sell the stock at a specified price.
Johnna
4 months agoLong
4 months agoJennie
4 months agoLemuel
4 months agoJennifer
4 months agoNorah
4 months agoBarbra
5 months agoRochell
5 months agoCiara
6 months agoBarbra
6 months ago