Stein Sperling has worked closely with generations of family business owners and executives. Our goal in these relationships is to facilitate the success and growth of our clients’ businesses as they transition between generations of ownership while keeping family relationships intact. This can be a complex and emotional process. To that end, we provide advice related to governance, risk management, employment, real estate and tax matters, as well as continuity and succession planning. In addition, we help family business owners anticipate risk and conflict through each stage of their business life cycle. By strengthening our clients’ family businesses, we endeavor to strengthen unity among the family members we serve.
We apply our knowledge and firsthand experience of what makes ownership transitions successful to our clients’ immediate needs and long-term goals, and those of each generation involved. If issues arise within the family as part of this process, our attorneys are highly skilled in dealing with such issues and working with clients to resolve them.
Family business succession planning is a vital component for any closely held business owner’s estate plan. Our business attorneys work in conjunction with our full-service Estates and Trusts Department, coordinating our efforts to plan business ownership transfers using methods that satisfy our clients’ personal objectives while minimizing risk and tax burdens.