Objectives:

$1.$ Students will use critical thinking to apply concepts from chapter $17$ to determine the benefits and implications for Closely Held Corporations

$2.$ Students will apply concepts and understanding from chapter $17$ to communicate their findings in written form $$ Overall length will vary, based on your chosen format, but please try to keep everything on one page. $($Bullet points acceptable and encouraged$).$

Problem: Many families create closely held corporations as a way to tax and estate plan for an entire family. These closely held corporations are often owned predominantly or exclusively by those family members. Prepare an outline that describes the tax implications and planning opportunities unique to family$-$owned, closely held corporations.