Dunn Carney recently received confirmation that the succession plan that it designed for an S corporation owner did not create a prohibited second class of stock, notwithstanding unique vesting and valuation issues relative to the stock being acquired by key management.

For more information about this private letter ruling, some of the techniques or succession planning in general, contact Robert K. Winger at (503) 306-5332, or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it   or check out http://www.irs.gov/pub/irs-wd/0537010.pdf.