CLOSELY HELD BUSINESSES
The closely held (or family-owned) business presents the greatest confluence of legal issues that involve the life cycle of the business. These issues range from organizational (choice of entity issues, real estate acquisition and leases, capital formation) to operational (decision-making, employment, litigation, debt collection) to sales, mergers and acquisitions and even estate planning for succession to a succeeding generation.
Whether your business is passive in nature (for example, rental real estate), service-oriented or a manufacturing concern, a myriad of issues face owners whose wealth, financial security and sense of accomplishment are tied closely to the business. For decades, closely held business clients have represented a substantial portion of McGuire, Wood & Bissette’s client base. As such, our Closely Held Business Team has developed a unique set of skills in advising the owners of such businesses. Aside from the technical expertise, we are sensitive to the fact that representing a closely held business often involves issues of an emotional and very personal nature, so we strive to serve as a true “counselor” in efforts to accomplish your objectives.
We are one of the Strategic Partners of the UNC Asheville Family Business Forum. The Family Business Forum is a resource to help business owners maximize the overall well-being of their business and to transition successfully to the next generation.
The range of services our Closely Held Businesses Team can provide include the following:
- Entity Formation, Reorganization, Recapitalization and Organizational Integrity
- Real Estate Acquisition, Disposition, Leasing and Like-Kind Exchanges
- Financing and Capital Formation
- Estate and Gift Planning
- Asset Protection
- Succession Planning
- Stockholder and Other “Buy-Sell Agreements”
- Voting Agreements
- Entity Reorganization
- Life Insurance Planning
- Income, Estate, Gift, and Sales and Use Tax Planning
- Employment Agreements and Other Contracts
- Litigation: General Business and Employment