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Succession planning.
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<blockquote data-quote="Fogg" data-source="post: 8158714" data-attributes="member: 142725"><p>If you're a partner in the business I'd argue that your share of the business's worth in the capital account is yours, your dad's is his, and he's entited to divide his share between both his kids if he wishes.</p><p></p><p>It's not fair, given the sacrifices made, but it's a compromise.</p></blockquote><p></p>
[QUOTE="Fogg, post: 8158714, member: 142725"] If you're a partner in the business I'd argue that your share of the business's worth in the capital account is yours, your dad's is his, and he's entited to divide his share between both his kids if he wishes. It's not fair, given the sacrifices made, but it's a compromise. [/QUOTE]
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