News & Analysis as of

Family Businesses Business Ownership

Saul Ewing LLP

Judge Denies Attempt to Modify Terms of Rupert Murdoch’s Irrevocable Trust

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Irrevocable trusts have long been a valuable arrow in the quiver of the high-net-worth estate planner. An irrevocable trust can provide tax advantages by minimizing estate taxes and preserving wealth for future generations....more

Levenfeld Pearlstein, LLC

Securing Your Legacy: Essential Estate and Succession Planning for Family Life Insurance Businesses

Experienced trusts and estates attorneys consistently observe how proper planning can mean the difference between a thriving legacy and a fragmented enterprise. For family-owned life insurance businesses, the stakes are...more

Farrell Fritz, P.C.

On Camera: My Recent Video Interview on, What Else, Business Divorce (Part One)

Farrell Fritz, P.C. on

I recently had the pleasure of being interviewed by Sandra Schulte at the media production studios of the Manhattan Neighborhood Network located near the Javits Center. Sandra, whom I met at a CLE program where I was a...more

DarrowEverett LLP

Keeping It in the Family (Trust): Additional Considerations for Contributing S Corp Shares

DarrowEverett LLP on

A large part of business sucession planning is structuring the transfer of business ownership. While outright transfers can be less complex, transferring ownership in trust can provide practical benefits that are worth...more

Levenfeld Pearlstein, LLC

Independent Sponsor Series: Ryan Sullivan of North Park Group Discusses the M&A Outlook and Offers Advice to Business Owners and...

To help businesses, investors, and deal professionals better understand the evolving independent sponsor landscape, Robert Connolly – a partner in LP’s Corporate Practice Group and leader of LP’s Independent Sponsor team –...more

Levenfeld Pearlstein, LLC

Independent Sponsor Series: A Conversation with Ryan Sullivan on North Park Group’s Unique Background and Long-Term Strategy (Part...

To help businesses, investors, and deal professionals better understand the evolving independent sponsor landscape, Robert Connolly – a partner in LP’s Corporate Practice Group and leader of LP’s Independent Sponsor team –...more

Shutts & Bowen LLP

May I Inquire? The Michael Silver pLAWdcast - Episode 9, Gary Wishnatzki from Wish Farms

Shutts & Bowen LLP on

Episode 9 of the pLAWdcast features guest Gary Wishnatzki, 3rd generation owner of Wish Farms, a family business based in Plant City, Florida that markets various types of berries and has the largest contiguous strawberry...more

Fox Rothschild LLP

When Work Becomes a Family Affair

Fox Rothschild LLP on

At first, it sounds like a dream: hiring your cousin to help with marketing, bringing your sister on as a partner, or giving your son-in-law a “small stake” in the business. It feels easy, natural, and trust-based. But...more

Bennett Jones LLP

Q&A on Protecting Family Enterprises Through Collaborative Family Law

Bennett Jones LLP on

When family relationships break down, the impact can extend well beyond personal matters, putting the future of a family enterprise at risk. I recently spoke with Patricia Hebert, a collaborative family lawyer, mediator and...more

Rivkin Radler LLP

Transferring the Family Business To A Private Foundation? Are You Sure About That?

Rivkin Radler LLP on

Charitable organizations are dependent, in no small part, upon the financial support of many successful business owners. The generosity of these individuals and their organizations may be a manifestation of several factors...more

Farrell Fritz, P.C.

The Little Buy-Sell That Could

Farrell Fritz, P.C. on

With apologies to the pseudonymous children’s book author Watty Piper, this is the story of a humble buy-sell provision in a family-owned LLC’s operating agreement that temporarily ran out of steam in the lower court, only to...more

Warner Norcross + Judd

Is Your Business Planning Ready for an Unexpected Incapacity or Death? Stress Testing Your Estate Planning – Step 2

Warner Norcross + Judd on

Most people take steps to maintain good health, including scheduling annual checkups with their doctors to confirm there are no immediate or long-term health concerns. This checkup could include a stress test, which lets you...more

Mandelbaum Barrett PC

Starting a Business with Loved Ones: How to Protect Both Your Business and Personal Relationships

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Considering starting a business with your loved ones and wondered how you can make it work without jeopardizing your personal relationships? Starting a business with family members or close friends can be deeply rewarding,...more

Robins Kaplan LLP

Q&A With Anne Paape, Managing Director and Senior Fiduciary Counsel at Cresset

Robins Kaplan LLP on

The Spotlight had the pleasure of sitting down with Anne Paape, managing director and senior fiduciary counsel at Cresset and Cresset Trust Company, to talk about the historic transfer of wealth many countries are undergoing,...more

IR Global

Understanding Client Motivations: Key to Making a Significant Impact

IR Global on

Jeff Faulkner, co-founder of the International Succession Planning Association, speaks about the challenges that arise when transferring ownership of a business to the next generation. In the video, he points out the...more

Blank Rome LLP

Estate Planning for the Business Owner Series, Part 4: Document the Transfer

Blank Rome LLP on

Once a business owner has an understanding of the value of the business and the tax and cash flow impacts of the transfer, the next step is to document the transfer. This may be done by the client’s separate business legal...more

Mandelbaum Barrett PC

Legacy Planning for Family Businesses: Transitioning with Ease

Mandelbaum Barrett PC on

In the heart of every family-owned enterprise lies a story of hard work, dedication, and a vision for the future. These businesses not only represent a significant portion of the economy but also embody the legacy of...more

Proskauer - Private Market Talks Podcast

[Podcast] Private Market Talks: Powering Family-Owned Businesses

Sengal Selassie is the founder and CEO of Brightwood Capital Advisors, a private credit firm with more than $5 billion in assets under management. Brightwood is a unique investor, providing financing to both non-sponsored...more

Mandelbaum Barrett PC

Navigating Q4 as a Family-Owned Business

Mandelbaum Barrett PC on

As Q4 is in full swing and as 2023 begins to draw to a close, family-owned businesses find themselves at a crucial juncture, reflecting on the year gone by and strategically planning for the future....more

Allen Barron, Inc.

Business Succession Planning Podcast with Janathan Allen

Allen Barron, Inc. on

Allen Barron's podcast on Business Succession Planning focuses on one of the most important part of protecting an owner, member, partner, shareholder or investor in any company, and yet less than one in four businesses have a...more

Rivkin Radler LLP

Transacting With One’s Business – Keep It Arm’s Length

Rivkin Radler LLP on

Don’t Be Unreasonable- Much has been written of late regarding the payment by a business of various personal expenses incurred by its owner or certain key employees. The payment of an owner’s personal expenses appears to...more

Allen Matkins

Is A Spouse Required To Give Prior Notice When A Business Sells All Or Substantially All Of Its Assets?

Allen Matkins on

Section 1100 (d) of the California Family Code provides that, subject to two exceptions, "a spouse who is operating or managing a business or an interest in a business that is all or substantially all community personal...more

Ruder Ware

Estate Planning for Young Farmers

Ruder Ware on

Estate planning isn’t just for the elderly. Young farmers can also benefit from taking a quick look at their own estate and succession plans....more

Farrell Fritz, P.C.

Three Strikes You’re Out: Sebrow Revisited

Farrell Fritz, P.C. on

A year and a half ago, we blogged about a decision in which Bronx County Supreme Court Justice Llinet M. Rosado ruled that a shareholder’s alleged stock transfer through a bequest in his last will and testament was...more

Foster Swift Collins & Smith

Should Your Family Business Keep a Corporate Minute Book?

Many corporate clients ask why they should spend the time and money to maintain a corporate minute book. This is especially common in small or family-run operations. Other corporate clients don't even bother asking the...more

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