Our professionals have experience in every phase of the life cycle of a closely held business: from startup, through growth years, to the transfer of a business by sale or inheritance. We are often called upon to create entities, implement tax-minimizing strategies, and build estate plans that address issues related to family businesses.
Clients come to us for guidance relating to many different aspects of a closely held business. For example, some clients are concerned primarily about estate taxes, while others want to ensure that they treat each of their children fairly when dividing a business. Because each client is unique, our professionals adapt to the client and tailor the appropriate solution to a client’s circumstances.
Owners of closely held businesses are often concerned about planning for an orderly ownership succession. Our experienced team can advise on the best plan. We have helped many businesses and families smooth the transition of ownership in businesses from one generation to the next. In assisting with this transition, we blend tax and non-tax aspects to develop a plan that will preserve a business for years to come.
“I’ve helped businesses that have successfully passed to the third generation of a family. The key to that success is to have a succession plan that works for that particular family.”A. Kimbrough Davis