Family Business Office
exit strategies
We can help you build a business that accumulates maximum after-tax value. As a firm staffed with seasoned business succession planners, we have solutions to the issues that most frustrate business succession planning. We can typically find ways to design business transition plans and generate tax savings worth many times more than the costs.
the problem

Only 30% of businesses make it to generation two and a mere 3% still generate profits in generation three. Given the dismal success of family businesses over the long term, it is no wonder that 65% of family wealth is lost by the second generation and 90% by the third generation.

Even if financial wealth is not lost, the vision is frequently lost. Family businesses without an effective wealth and management transfer process typically have heirs working at cross purposes. Disruptive changes of leadership are common. Studies show that values are not transferred to the next generation, and conflicts regarding succession planning cause businesses to fail.

the solution

Businesses accumulate far more wealth when they minimize unnecessary income and capital gains taxes each year. Companies also build greater value when they transfer ownership to future stakeholders using tax-efficient planning tools instead of traditional tools (such as non-qualified stock options and phantom stock programs, which produce substantial ordinary income tax liabilities).

Tax lawyers can develop tax-efficient business succession plans at costs that are often less than 1% of tax savings. Creating tax strategies often requires development of trusts and legal agreements with clear purpose statements and dispositive provisions. For this reason, the tax lawyers must work with company leaders and their advisers to help each business articulate clear purposes in harmony with compelling statements of vision and mission.

We help our business clients incorporate their purpose and mission statements into daily operations. We do this by aligning legal tools with financial strategies. Our staff can analyze and monitor after-tax cash flow as we help clients realize the greatest after-tax benefits. We can illustrate dozens of advanced tax planning techniques that give business owners a competitive edge. This brochure provides a brief summary of strategies. Call us to discuss which techniques can help your business realize the greatest after-tax benefits.

We can illustrate dozens of advanced tax planning techniques that give business owners a competitive edge. This brochure provides a brief summary of strategies. Call us to discuss which techniques can help your business realize the greatest after-tax benefits.