06/04/2026
A common theme we see today in family-owned businesses is the ownership of several lines of business either through a parent corporation with the original business and one or more subsidiaries holding other newer business lines or through a parent holding company and several subsidiaries holding the various business lines. A recent IRS private letter ruling provides a roadmap for separating and dividing those business lines among interested shareholders without incurring US federal income tax.
Read more from Liskow attorneys Leon Rittenberg III, Caroline Lafourcade, John Rouchell , John Bradford, and Kevin Naccari, Jr. below.
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