December 2017

Authored by Jeffery G. Stagnaro, Attorney and Jeffrey B. Stagnaro, Law Clerk Nonqualified deferred compensation (“NQDC”) plans are common tools for business owners with respect to the compensation and retention of key employees. Under an NQDC plan, an employee may defer receipt of compensation due in one taxable year to a later taxable year—with payment […]

Authored by Jeffery G. Stagnaro, Business Law Attorney and Jeffrey B. Stagnaro, Law Clerk Closely held businesses are substantial drivers of the economy.  Family owned businesses, for example, account for roughly 50% of GDP in the US.  Yet, only 30% of family owned businesses transition successfully to the second generation.  Among other factors, inadequate or entirely absent business