Family business planning can help to structure, manage and allocate assets among family members. The formation of business entities can allow your family to manage and maintain control of its wealth, share wealth among its members, secure inheritance for future generations and reduce taxes. An experienced attorney can help you explore your options and guide you toward informed decisions regarding your family's future wealth.
At BSLF, we are dedicated to providing sophisticated, tailored representation to individuals and families facing a wide range of estate and wealth transfer matters, including those pertaining to family business planning. Our attorneys take the time to understand each client's unique situation and formulate innovative solutions that meet his or her diverse needs. For family business planning, strategies may include:
- The formation of family investment companies
- Business succession planning
- Tax planning strategies
Closely Held Business Planning
Many of our clients are owners of family businesses. Planning for the transition of a family business from one generation to the next requires careful coordination of the differing desires of various family members and the various estate and tax issues inherent in decisions involving such businesses.
Our lawyers have the experience and knowledge to formulate and employ creative solutions for closely held businesses and other family businesses seeking to transfer such businesses in a tax-efficient manner and in a way that satisfies various competing desires. Through careful planning, we will work with you to find the option that best suits your family.