Minding your business: success and succession.
Businesses face a wide range of choices that have important tax implications. At Lourie & Cutler, we serve as corporate counsel for our clients and assist in all phases of business development: from formation to operation to transfer. Some of the tax and business planning areas our attorneys specialize in include:
- Business entity formation. We counsel clients establishing new ventures on the most appropriate choice of entity, such as an LLC, partnership or corporation. We can suggest optimal structures given the goals, ownership and expected operations of your new business.
- Governance and operations. As businesses grow, our attorneys assist with ongoing operations and governance matters. We assist not only with day-to-day business matters — such as employment agreements, leases, and other types of contracts — but also with more significant transactions and structural changes such as acquisitions, mergers, reorganizations and sales.
- Succession planning. By integrating tax, business planning and estate planning, our team advises clients on the most advantageous way to transfer business interests. For instance, in the case of a family business, this can be accomplished through gifts, stock issuances and installment sales, as well as well-crafted estate plans. When succession planning involves third parties, we can assist you with the transition of your business through redemption agreements, cross-purchase agreements and other arrangements.