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Your path to this gift:
You're considering a gift made during your lifetime > You're holding an interest in a viable business > You want to save both income and capital gains tax
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Gifts of business interests – such as stock in a closely-held corporation, S-corporation stock, and shares in a professional corporation – can be beneficial for both you and USP. Business interests can be given outright or, in some cases can fund certain types of life-income gifts, primarily net-income unitrusts.
Since closely-held stock doesn't trade publicly, a gift of such an asset requires an independent appraisal to establish its fair market value. Your charitable deduction will be based on the appraised market value of the shares, minus any liabilities you may have accrued.
Because offering part ownership of a business through a gift of stock involves issues of marketability, taxation, liability, and involvement in business operations, USP must first review and approve any such transfer.
If you are considering a gift of a stock in a business interest, first consult with your attorney and accountant. We can work with you and your advisors to review the benefits of a gift.
Email us, complete the personal illustration form, or call us at 888-857-6264 so that we can assist you through every step of the process.
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