Tips, Tricks and Traps of Donating Closely Held Businesses to Tax-Exempt Entities

Private Wealth Services attorney Kelly Hellmuth will be featured as part of the Community Bay Foundation Tampa Bay's Outstanding Speaker Series. Her session will examine the thorny issue of donating part of a business to a charity or other tax-exempt organization; although a common practice by business owners, many fail to recognize the complexity of rules governing this aspect of business succession. During her presentation, Ms. Hellmuth will lead attendees through the options for holding business interests in exempt organizations, from donor-advised funds (DAFs) to 501(c)(4) organizations, along with the tax implications of each path. The program offers in-person and virtual registration options.