Small and family owned businesses are the life-blood of America. For many, the family business is often the largest family asset and the source of both current and future income and security for generations. Almost all family business owners believe that the business will continue to run successfully after they are gone. Unfortunately, statistics reveal just the opposite. Only about 30% of family businesses survive into the second generation. Less than half of those businesses survive to the third generation and by the fourth generation and beyond, only 3% of those businesses are operational.
How can we help?
Once we get to know you and learn the goals for your business, we provide the structure and guidance you need for generations. We typically assist clients with all of the following:
- Entity selection and formation (corporations, LLCs, partnerships, and other business structures);
- Operating and Shareholder Agreements;
- Buy-Sell Agreements;
- Employment Agreements
- Business Purchase and Sales;
- Ongoing business counseling.