Counseling Closely Held Businesses

Many of our business clients are closely held by members of a family or by a few business partners. Our counseling is designed to address the interplay of those issues affecting the business and its owners. This is of particular significance for a business entity which passes through to the owners its items of income and deduction (e.g., partnerships, limited liability companies and S corporations). The choice of entity is of particular importance when forming a new business or when structuring an acquisition or reorganization transaction. We work closely with our clients’ insurance consultants to optimize the use of tax efficient insurance products.