Change is a constant in the world of business. Closely held corporations and family businesses benefit greatly from the advice of our experienced attorneys to manage transitions and strategize succession. Inaction on this front can lead to astoundingly negative tax ramifications.
Clients benefit from our knowledge in the following areas:
- Optimal structuring of operations, including the formation of various entities to ensure ongoing success
- Establishment of employee stock ownership plans (ESOPs) to help transition ownership of companies to employees, while at the same time allowing controlling shareholders to obtain liquidity for their investment in the company
- Preparation and implementation of planning techniques to reorganize, merge, or divide a business, or assist in the sale to third parties
- Preparation of buy-sell and governance agreements to provide a clear plan on how the business will be managed and how owners will be paid upon death or retirement
- Recapitalizations to include the issuance of voting and non-voting stock
- Split-offs, spin-offs, split-ups, Restricted Stock, Preferred Stock
- Estate freezes, life insurance, Life Insurance Trusts
- Stockholder Agreements, Stock Purchase Agreements, Family Limited Partnerships, redemptions
- S corporations, formation of holding companies
- Built-in Gains Tax, Qualified Dividends, structuring transactions to ensure capital gains treatment
