A family business large or small and regardless of industry, face challenges that do not apply to non-family enterprises. It is not just a job; it is your life's work and your legacy. We treat it as such. Closely held businesses need practical advice to meet their unique and individual needs. They require a comprehensive approach, and an understanding of all business dynamics. Our attorneys work daily with closely held businesses. Their experience enables us to quickly and efficiently address a business’ needs, particularly with respect to; entity planning, financing, succession planning, and exit strategies. Family business situations benefit greatly from our broad-based approach, where sound counseling integrates tax and estate planning with general business planning. Family businesses turn to us for help in management and succession issues, organizing and operating family foundations and trusts and related personal matters such as estate planning. At Schumann Hanlon, you will get a personal approach not found in larger firms. We have a large network of family-owned businesses as clients and friends, and you will have the advantage of lessons learned by businesses that are similar to yours, as well as opportunities for joint venturing and investing.
Services for family-owned businesses:
- Business succession
- Exit strategies such as ESOPs, management buyouts or public offerings
- Managing family relationships, and the contracts and agreements that govern your business relationships
- Real estate needs including real estate tax appeals
- Acquiring or investing in other businesses
- Charitable trusts and family foundations
- Litigation and arbitration
- Safeguarding trade secrets and intellectual property rights
- Acquisition and sales of trademarks or licenses
- Formation of trusts, family limited partnerships, limited liability company or S corporations
- Employee manuals and policies
