Stein Sperling advises clients as they establish and implement transition, succession and exit strategies for executives and owners, including transitions of ownership to partners, family members, key employees or third parties. We understand that an owner’s interest in a closely held business may be his or her largest and most important asset. Our business law attorneys work side-by-side with our Tax and Estates and Trusts Departments to protect clients’ assets and interests. To prepare for transitions in ownership, we analyze the business’s needs and existing ownership structure, as well as the goals of its current and future owners. We advise clients on advanced planning related to tax structures and help them anticipate transitions and tax savings, while avoiding points of potential conflict.
Another form of business transition is the process of dissolution, or winding up. A business “divorce” involves issues of control, ownership and distribution of property, as well as potential payments. These business decisions often are accompanied by high-stakes conflict and intense emotions. Our attorneys lend a depth of experience in negotiation and, when necessary, litigation to resolve disagreements as part of the dissolution process.