That would essentially mean family businesses, at least past a certain size, would be impossible. Or more realistically, they would just obfuscate the ownership structure.
Which is why estate taxes have caps such that people who own small family businesses are rarely affected.
That would essentially mean family businesses, at least past a certain size, would be impossible. Or more realistically, they would just obfuscate the ownership structure.
Which is why estate taxes have caps such that people who own small family businesses are rarely affected.
Not all family businesses are small
I'm aware.