As an individual or small business, practical advice on the formation, management, operation, succession, and even the dissolution, your small business is essential. Whether you own or operate an agribusiness, are in landscaping, are a restauranteur, have a medical practice or therapy practice, or more, it is crucial that your attorneys are responsive and able to advise you on a diverse range of issues as they arise.
Formation You can turn to us to guide you through the business formation process. Forming a business is often more complex than expected. Based on our knowledge and experience, we will help you select the appropriate business entity structure to achieve your goals and objectives. Risk will be minimized while providing the framework for your new business. We will assist you with submitting the various filings required by local, commonwealth, and federal agencies to obtain necessary registrations and licensing. In addition, you will have foundational documents to provide for the smooth operation and administration of your new business entity, including but not limited to operating agreements, shareholder agreements, and partnership agreements.
Succession Planning You have worked in and on your business and made it successful. Now you want to transition the ownership or management of your business. We can provide you the practical guidance and advice to assist you with transferring your business to the next generation or structuring a sale. As such, we provide advice and guidance to our individuals and small business clients about transitioning the management and ownership of small businesses in the event of retirement, incapacity, or the death of a business owner. This may include:
(i) Intrafamily transfers of ownership and management from senior to junior generations of a family.
(ii) The transfer of ownership to unrelated third parties through the sale of assets or equity in the small business.
(iii) Incentive programs to retain key employees.
Working with your trusted advisors, we provide you with your options so you can choose the path you prefer. To implement your choices, we may negotiate on your behalf with interested parties and draft the documents necessary to achieve the desired outcome and protect your interests including but not limited to buy-sell agreements, asset purchase agreements, stock purchase agreements, nondisclosure agreements, and promissory notes.
