Closely Held Businesses

Closely held companies have a significant advantage over larger companies because they can be entrepreneurial and stable. We work with our closely held businesses to find practical, common-sense solutions. Together we discuss choices regarding how to form companies that minimize taxes and protect personal assets; how to finance companies through debt, convertible debt or equity; how to hire and retain key personnel; and how to exit through a sale to inside personnel, children or outside third parties.

Most importantly, we respond to our clients’ needs to reinvent their business as it grows. We understand that a company that has attained $20 million in revenue must change in order to become a $50 million company. We leverage our relationships in the community to help reinvent our clients as they grow through sales, strategic alliances, changes in marketing channels and acquisitions of other companies.

Some of the areas in which we work with closely held businesses follow:

  • Business succession planning
  • Minority recapitalization
  • Stay and bonus agreements
  • Choice of entity
  • Stock options
  • Restricted stock
  • Merger and acquisitions