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Which of the Following Is a Consequence of Establishing a Family

Question 68

Multiple Choice

Which of the following is a consequence of establishing a family partnership or a family-owned S corporation?


A) The original owners will have their control of the business diluted.
B) For the structure of the family business to be honored,the transfers to the younger family members must be complete and legally binding.
C) The transfers to the younger family members must be irrevocable.
D) All of the above are consequences of establishing a family partnership or a family-owned S corporation.

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