Do you know how to structure your family business for today and plan for tomorrow? We can help you map the proper structure for your business – and help prepare for its future success when it transfers to the next generation.
UB Greensfelder helps owners of privately held businesses devise succession planning strategies. By integrating estate planning, wealth transfer, and business services, we provide a range of services to family-owned and closely held businesses and their owners. Our family and closely held business clients range from small businesses to some of the largest privately held U.S. corporations.
How We Help
Family Businesses. To help family business owners and their executives increase efficiency and effectiveness while managing overhead expenses, our team operates in a day-to-day advisory capacity as outside general counsel. We provide “first-call” counsel on matters related to:
- Organizational and operational matters, including real estate, litigation disputes, insurance coverage, intellectual property and technology strategies, and record-keeping policies
- Talent and employee management, including employment policies and handbooks, employee benefits, wage and hour law compliance, harassment and discrimination complaints, and other labor and employment matters
- Supplier and vendor management, including contracts and agreements
- Financial planning
- Strategic planning
- Intellectual Property protection and enforcement
Succession Planning. Known for our representation of entrepreneurs and owners of family businesses, we provide critical assistance in planning for a leadership transition, assisting with:
- Structuring gifting strategies designed to minimize the potential tax imposed when the business owner dies
- Preparing shareholder agreements addressing succession and buy-out matters
- Implementing techniques designed to minimize the potential for family conflict over the management of a closely held business
- Minimizing the impact on non-family member key employees
We can help you restructure the current ownership of your business, set the stage for a smooth transition, and when the time is right, map out the ownership and control transfer to the next generation. We can advise on tax efficient opportunities to effectuate the transfer of ownership and leadership. Most importantly, we can help facilitate harmonious long-term family relationships.
Working closely with our colleagues in our Business Law Practice Group, we represent a various closely held business clients that have grown from small, entrepreneurial businesses to companies with billions of dollars in revenue. Additionally, for those clients with a family office, we serve as trusted members of the team, bringing business, tax, estate planning, and planned giving expertise to the table.
