Linda provides legal services to business owners and their corporations, partnerships and limited liability companies. These legal services include:
- Entity formation and on-going administration
- Income tax planning
- Management and buy-sell agreements between co-owners
- Business succession planning
- Tax planning to qualify for or preserve valuable income and property tax attributes
For many clients, legal and tax decisions regarding their business entities can impact their personal income tax and estate planning goals. Linda brings an integrated approach to business owners’ estate, business and tax planning projects. In addition, for businesses with co-owners, Linda can provide objective, practical advice on appropriate management structures and buy-sell agreements to facilitate the smooth of the business and to proactively plan to protect the business in the event of disruptive contingencies, such as a co-owner’s death.
In particular, Linda brings decades of experience in helping business owners develop and implement business succession plans to transition a family business to the next generation. In addition to the legal work to transition a business to the next generation with minimal tax consequences, Linda can assist the client in identifying and communicating the client’s core values to the next generation and structuring a business transition plan which will help reinforce those core values.
Finally, the path of a successful transition of a business to the next generation is not always smooth. Linda has extensive expertise in addressing potential problems which can arise in a business transition, including business liquidity and credit issues, family dynamics during the transition period and issues arising for family members who are not actively involved in the business.