Business Succession: FLPs, LLCs, and Buy-Sell Agreements
Entity freezes, valuation discounts, buy-sell design, and the current Corporate Transparency Act / BOI reporting posture.
What this guide covers
- FLPs/LLCs enable discounted gifting and centralized control — but only with genuine business purpose and strict formalities to avoid IRC 2036 inclusion.
- Buy-sells must meet IRC 2703 to fix value; after Connelly, rethink insurance-funded corporate redemptions.
- As of the 2025 FinCEN interim rule, U.S.-formed entities are exempt from federal BOI reporting; only foreign reporting companies report. Verify current status.
The full guide includes the detailed analysis, worked examples, statutory citations, and related resources below.
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Educational reference, not legal advice. Prepared for licensed professionals as general reference; not legal advice and no attorney-client relationship is created. Law varies by state and changes over time — verify transfer-tax figures and statutory citations against current primary authority. This resource was last updated 2026-07-31. Estateur is not a law firm.