Our lawyers help clients protect and optimize their businesses and, when appropriate, to pass those businesses and/or the wealth generated from them to future generations. We learn about businesses, and, as appropriate, integrate lawyers in fields from tax law to corporate law to litigation. Our team is experienced in working with families and closely held enterprises, and resolving complex, far-reaching legal and operational challenges.
The lives and fortunes of families, including generations yet to come, are often intimately tied to closely held businesses. When the time for a transition inevitably arises, these clients call on Sussman Shank to help them plan, architect, and execute the process of transitioning a business they have often spent decades building. For enterprises ranging from sole proprietorships to limited liability companies to corporations, we know how to help translate vision into reality.
Our lawyers never forget that each family – and the members thereof – is unique, and has its own goals, motivations, and values. Much of our work, and our experience, is in helping our clients recognize these, sometimes for the first time. In families, this can mean helping members navigate hard decisions and assisting them with difficult conversations, which we handle with respect, sensitivity, experience and above all, judgment.
Our expertise includes guiding clients toward innovative solutions that both address their personal goals and serve their business – which includes buying out family members; navigating disclosure and compliance requirements connected with financing; or developing different operational roles for different family members with different priorities. Whatever each situation requires, we formulate a plan and then put into motion a course of action.