Planning for Family Corporate Control

I. Introduction II. Installment Payment of Estate Taxes … A. Fifteen-Year Installment Election … B. Ten-Year Installment Election … C. Integration of Estate Tax Payment Installment Elections with Section 303 Stock Redemption III. Buy-Sell Pricing and Payment Terms … A. Taxation of Buy-Sell Agreements … 1. Redemptions … 2. Cross Purchase Agreements… B. Minimum Pricing … 1. Fixing Estate Tax Values … 2. Minimizing Income Taxes … C. Payment Terms IV. Preferred Stock Alternatives … A. Issuance of Preferred Stock on Incorporation … B. Agreement to Recapitalize in the Future V. Employee Stock Ownership Plans VI. Rouletter Buy-Sell Agreements … A. Activation of the Agreement and the Buy-Sell Election … B. Entity or Cross Purchase … C. Length of Notice and Waiting Period … D. Pricing and Payment Terms … E. Default … F. Multi-Stockholder Problems VII. Independent Board of Directors VIII. Conclusion