Texas  |  Civil Litigation

Legal Question

Asked on: 12/20/12, 10:05 pm

Can I give my son my company worth $.5M without having my son pay any taxes on the gift?

Do I have to declare it to the IRS?

Am I required by law to disclose to a potential business partner that one of the current 49% and active partners is mentally ill?

What happens if the initial lawsuit settlement hits a dead end. Both parties are not agreeing on the final details of the settlement?

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