Summer is officially over in the Northwest and Davis Wright Tremaine's family-owned business programming is back to work. This fall our Portland office is going to handle the most talked-about topic in succession planning - proposed treasury regulation 2704. If enacted as proposed, the new regulation could reduce or eliminate certain discounts that families have relied on for decades in transferring business interests to the next generation. The impact is not yet clear, but we have assembled several experts to help answer the two most pressing questions:
- What would the new regulation mean to my business (or my client's business)?
- What do I have to do and should I be doing it immediately?