What Washington Needs to Know and Benefits of Businesses Owning Their Own Real Estate
Thursday, October 20, 2022 | 8:00 – 10:00 a.m.
Join John Gugliada, Family Enterprise USA’s (FEUSA) Director of Strategic Partnerships & Business Development, who will set the stage as he shares important insights collected from the organization’s annual Family Business survey and meetings with members of Congress including their top tax concerns, succession data, and significant family business challenges. Family businesses will learn how important they are to the economy and how to advise Congress of their importance, along with proposals that will change their businesses.
From this theme of protecting a lifetime of savings, we’ll then discuss breaking down the “bricks & mortar” of owning, managing, selling and/or transferring real estate and property portfolios when owned by the family business. We’ll hear from Spinnaker Trust and their commercial real estate investment group, the Boulos Company, a local commercial real estate brokerage and family-owned business, Renys who owns multiple retail locations throughout the state, and Hardypond Construction, a local family-owned construction company.
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. Those issues include Step Up in Basis, gift tax, Valuation Discounts, Capital Gains Tax, Income Tax Rates, Wealth Tax, & Estate Tax (death tax).
Policy and Taxation Group is the leading information, education and advocacy organization working for the reduction and ultimate elimination of estate, gift, and generation skipping transfer taxes, and other taxes that punish hard work and success. Our Mission is to challenge hostile tax policies that meaningfully and measurably impact families and limit the ability of family businesses to remain family owned. We work with Congress in Washington DC against high Income Tax Rates, possible elimination of Valuation Discounts, increase in Capital Gains Tax, enactment of a Wealth Tax, and the continued burden of the Estate Tax (death tax), and the possible elimination of Step up in Basis.
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