forming, buying or selling a business
Thomas L. Bird & Associates works closely with clients to form, organize, and sell business entities that best achieve the clients’ goals. Maximizing value from a business entity standpoint requires an understanding of the big picture, foresight and an understanding of the owner’s business. In helping entrepreneurs start new businesses, structure their entities, and sell their businesses, we bring a tremendous breadth and depth of knowledge and experience to a broad range of clients.
We work with clients who are forming or buying a business to:
• consider and choose the entity that is the best choice for legal and tax purposes; evaluate the many business considerations (e.g., cash flow, inventory issues, lease issues, business partners);
• discuss future plans and consider and develop an appropriate buy-sell agreement;
• evaluate life insurance needs for funding a buy-sell agreement;
• if buying an ongoing business, determine the most advantageous structure for purchase;
• if buying an ongoing business, ensuring that you and your advisors complete comprehensive due diligence, including a focus on the financial condition, operating history and current market condition of the selling company;
• negotiate and prepare legal documents to implement the plan.
The optimum form of business entity can achieve tax efficiencies and position it for future growth and ownership succession. Our years of experience not only help clients create tax-advantageous entities, but also establish efficient governance structures, personal asset protection, key employee incentive structures and owner entrance and exit strategies. These considerations are often key to avoiding costly conflict among owners, minimizing disruption in the business and achieving long-term growth and success.
In addition to assisting clients organize and structure business entities such as limited liability companies, S corporations, C corporations and limited liability partnerships, we help them avoid common mistakes when starting a business.
For more information check these pages:
Finding the Right Business Structure
Avoiding Common Mistakes
Selling a Business
Buy-Sell Agreement Questionnaire
