Closely Held and Family Owned Businesses
Closely held and family owned businesses are an important part of the United States economy. Statistics show that approximately 80% of all United States businesses are closely held or family owned. Further, these businesses account for slightly more than 18% of the employment in the United States.
However, closely held and family businesses can present unique problems because the dynamics of the ownership/family system and the dynamics of the business systems are often not aligned or in balance. Successfully balancing the differing interests of the owners/family on the one hand and the interests of the business on the other hand require the people involved to have the competencies, character and commitment to do this work.
The attorneys at Dale & Eke possess these characteristics, as well as the knowledge and experience to assist clients in the successful operation of their business. These attorneys work with clients to create plans for business operation and management, including:
Entity Selection (Corporation, Limited Partnership, Limited Liability Company, Etc.)
Entity Organization, Formation and Filings
Shareholder Agreements and Buy-Sell Agreements
Employment Documents (Employee Manuals, Employment Contracts, Etc.)
Recapitalization of Corporation (Voting/Non-Voting Stock)
Real Estate Acquisition or Sale
Mergers and Acquisitions
Sale of Business (Stock/Asset Purchase Agreements)
Exit and Succession Planning
Estate and Gift Tax Planning
Dale & Eke recognizes the importance of closely held and family owned businesses, and the success and continuation of these businesses. Let the attorneys at Dale & Eke use their knowledge and experience to assist you in the successful operation of your business, now and in future generations.