Family farming operation with significant land holdings. We created a business and estate plan structure that allowed one child to remain the sole owner/operator of the farming operation but provided two other siblings with passive income from agricultural leases through a Family Limited Partnership. Achieved family goals of: business continuity, minimizing risk of need for liquidation of legacy farmland, income to non-farming siblings.
Construction company. We explored risks and benefits of internal sales to employee, then prepared for and found a private equity firm buyer to achieve shareholders’ goals of selling the company and providing retirement income.
Technology company. We created an equity buy-in for a key employee to achieve founder’s goal of retaining and incentive for key employee with profit sharing.
Family landscaping company. We explored and financially modeled a phased sale to a child and their spouse over a multi-year term to achieve founders’ goals of transferring legacy business to the next generation, providing income in retirement, without large down payment requirements to children.
Law firm. We represented a partner in the buyout of a deceased senior partner’s estate ownership in the firm.
Medical Group. We represented the CEO and majority shareholder in implementing a buy-sell agreement funded with life insurance to achieve the CEO’s goals of liquidity on death of a shareholder and restrictions on transfer of shares to other professionals without a first right of refusal by the group and the other shareholders.
Contact us to schedule an introductory call with our Client Coordinator to learn more about business succession planning today.