Business Succession Planning

Many of the Firm's clients are founders of closely-held businesses.  Over the years, the Firm has grown along with those businesses and in many instances we now represent members of the second and third generations.  Often, this representation has spanned the full scope of the business cycle -- from the birth and growth of the business, to a successful ownership transition to the next generation, to the successful sale of the business, followed by the beginning of a new enterprise.

Working with corporate attorneys, we help our clients achieve their business goals.  We recognize that there is no "one size fits all" approach to business succession planning.  We tailor our strategies to address our client's specific situation.  We are experienced in the implementation of business succession planning techniques such as grantor retained annuity trusts, installment sales to grantor trusts, transfers to generation-skipping trusts, redemptions, and insurance trusts and the like to accomplish our clients' objectives.

We are experienced in valuation discount opportunities for our clients.  In many cases, we have been able to transfer ownership of a client's business to the next generation through timely and innovative recommendations involving tax-effective lifetime and testamentary transfers that minimize or avoid the impact of federal estate and gift taxes on the business owners' estates.  We measure our success by our clients' satisfaction and our reputation for innovative planning within our Firm and our community.