The agreement exists and the allocation is never run.

The agreement exists and the allocation is never run.
The fee is set and never reviewed.
The shared employee’s time is never recorded.

These issues are hard to fix when the IRS finds them first.

Jeffrey Rosen, CPA, CGMA, MBA and I discuss how the family office and family foundation share people and investments in “The Family Office and the Family Foundation,” our latest Family Offices article for Frazier & Deeter.

Full article attached.