Good Morning All,
We have a situation we have a member that is contemplating leaving the business (a Virginia LLC). I have always assumed that the method would be for the LLC to buy their stock back and they (in turn) would pay cap gains on that. Q: Is the "buyback" an expense for the LLC?
Q: What are some other strategies for "an exit" that would minimize the tax burden on the person leaving, as well as maximize the transaction for the LLC (and the rest of it's members)? Thanks,
Steve
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