Business Succession Planning
The Business Succession Planning Group counsels clients on optimal business organization and operations, exit planning, mergers and acquisitions, buy-sell agreements, contracts and licenses, partnerships and joint ventures, venture capital, private placements, public offerings, asset-based lending, and daily operations and corporate governance.
We offer business planning, as well as the creation and maintenance of limited partnerships and limited liability companies. Our clients include entrepreneurs, owners of closely-held businesses and other high net worth individuals.
Limited Liability Companies (LLCs) and Family Limited Partnerships (FLPs)
LLCs and FLPs are sophisticated planning devices that require careful consideration and implementation. When properly structured and maintained, LLCs and FLPs can accomplish significant objectives:
- Asset Protection
- Discounted Valuations and Potential Reduction in Taxes
- Consolidation of Assets to Facilitate Management
- Financial Tutelage and Efficient Wealth Transfer
LLCs and FLPs offer significant value to individuals, families and businesses by providing flexible solutions to common planning problems. Our attorneys can design a plan customized to your specific needs and can work with your existing advisors to manage and preserve your wealth.
All business owners will eventually leave their business - voluntarily or otherwise. Only through proper planning can business owners ensure that such a transition occurs on their terms. Our attorneys provide clients with a comprehensive strategy to maximize business value and accomplish personal and financial goals. Since exit planning requires an interdisciplinary approach, our attorneys have extensive experience working with financial advisors, bankers, accountants, business valuation experts and other professionals.