Business Succession Planning

We know a family business isn’t just a business – it’s a family’s livelihood and legacy.

We advise owners of closely held businesses, including C corporations, S corporations, general and limited partnerships, and limited liability companies about the law as it relates to management succession, lifetime transfers of interests, and use of discount valuations for gift tax purposes. Recent illustrative experience includes:

• Participation in a year-long series of meetings with client and financial advisors to plan for succession management of a retail company, including issues of managerial control, cash flow, and minimization of estate taxes
• Organization of a family LLC providing for children to participate in management
• Organization of a private foundation to allow children to participate as members of the board of directors
• Planning for valuation issues in organization of a family LLC
• Design of exit strategies for owners of both closely-held and publicly-traded stock

For more information about this and other business and individual services, explore the related pages.