Family businesses face unique legal, operational and estate planning issues. Family businesses are frequently closely-held companies dealing with business issues such as corporate, employment and litigation matters, but often under unique circumstances.

A common concern of closely-held businesses is succession planning and keeping the business in the family. A major benefit of undertaking business succession planning is that it can help avoid disputes after the owner’s death. A business owner can help protect the business from litigation in the future if conflicts arise or agreements are not enforced. Effective planning can reduce liability exposure and provide for the minimization of taxes. For additional information please contact a Family Business Attorney.