Family businesses face unique challenges – from complex issues of management and leadership, to compensation and estate planning concerns. Often those challenges can seem insurmountable. In fact, fewer than half of American family businesses survive the transition from the first generation to the next. Labaton Sucharow has long been committed to using our expertise to help stabilize and develop closely held businesses, which are such a critical part of the fabric of our national economy. While the needs of each family business are unique, our overarching goals are the same –
to promote both the success of the enterprise and harmonious relations among the parties.
We have a wealth of experience representing family-owned businesses operating in industries such as apparel, footwear, retailing, food, and travel. We provide these businesses with services that include:
- Succession plans, including development of exit strategies, management buyouts, asset and stock sales, and public offerings
- Efforts to solidify management and tighten governing documents
- Formation of trusts, family limited partnerships, limited liability companies, and S corporations
- Development of, and counsel concerning, employment policies and practices
- Trademark, copyright, and trade secrets protection
- Litigation and regulatory counsel
In addition, as a family business grows, family members often find their own finances become more complex. Our attorneys assist in the establishment of charitable trusts and family foundations, and advise on other tax and estate planning matters.
While the needs of each family business are unique - our overarching goals are the same - to promote both the success of the enterprise and harmonious relations among the parties.
When necessary, we assist in the break up of family businesses with a minimum of friction.
We understand the total commitment that it takes to make a family business succeed—it’s the same commitment we bring to helping our clients reach their goals.
