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Closely Held Business Entities
Clients starting new businesses need special attention. The investment of time and money into any commercial enterprise requires careful consideration of all options and the crafting of documents to protect that investment.
A Full Range of Services: From Inception to Retirement
After identifying the optimal structure, we help to implement it. Starting with an explanation of the advantages and limitations of the various types of entities, and in conjunction with financial advisors we assist clients in selecting the entity best suited to their purpose. These include:
- “C” Corporations
- Sub-Chapter S Corporations
- Limited Liability Companies
- Partnerships
We advise clients about and, when appropriate, prepare by-laws and resolutions, voting trusts, articles of incorporation, shareholder buy-sell agreements, operating agreements and other documents designed to aid and ensure proper governance of the entity and to provide for a smooth transition in the event of a change of ownership. At the other end of the spectrum, if a business is no longer viable or a change of ownership is advantageous, we also assist our clients with liquidation and dissolution of business entities, and regularly handle stock purchases, mergers, asset acquisitions and sales.
On a continuing basis, we perform annual reviews of business activities, act as keeper of the corporate records, and general counsel to the business and its owners.
Members of the Firm have lectured to attorneys and accountants at seminars sponsored by the National Business Institute on considerations in selecting the most advantageous business entity.
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