Home > Services > Closely Held Businesses

CLOSELY HELD BUSINESSES

We help business owners transition their businesses. In conjunction with our Corporate and Securities and Tax practice areas, we can help you form and maintain business entities to hold operating businesses, real estate or marketable securities. Business entities can help you manage business or investment operations, reduce exposure to liabilities and retain or transition control. When working with business owners, we consider family relationships and income and transfer tax issues as well.

Our practice group works with members of the Tax and Corporate and Securities practice groups as appropriate to help clients decide which type of business entity best meets their business and tax planning needs. Our attorneys look closely at limited liability companies (LLCs), S corporations, C corporations and partnerships (limited partnerships, general partnerships and limited liability partnerships), and the situations where each might be appropriate. Our attorneys also evaluate buy-sell agreements for clients and the creation of nonvoting ownership interests to transfer ownership while retaining voting control.

Publications

How to protect your family-owned business from your child’s spouse

Why donor advised funds are useful for year-end charitable giving

California real estate: Change the ownership, increase the tax

Key considerations for representation and warranty insurance

Proposed changes to Section 2704 could spur tax increase for owners of closely held businesses

Protecting the identity of your LLC members, LP partners in litigation, Part II: Strategies for discovery

Protecting the identity of your LLC members, LP partners in litigation, Part I: Motions to remand

Blog Posts

Tax court finds self-employment tax for active LLC member

Using an S corporation to avoid self-employment tax

Tax court finds no self-employment tax for passive LLC member

Lawyers: Give your clients a business entity checkup

Highlights from the 2017 Heckerling Institute on Estate Planning

CPAs: Top 10 list for fiduciary income tax returns and planning

Tax basis: The key to reducing gain on sale or deducting asset purchases

TCLE

Leveraging to Attain Basis Step-Up; Income Tax Benefits of Losing an FLP Case

Self-Employment Tax and LLCs; New Partnership Audit Rules; Selected Issues from Heckerling

Business Planning in Light of Proposed Regulations under Code § 2704

Life Insurance to Fund Buyouts or Loss of a Key Person

Arbitration and Other Forms of ADR

Preparing for Success: How to Position your Company for a Liquidity Event

Partner
St. Louis
314 552 6225

Douglas ("Dugie") is a real estate and corporate practitioner and strategist who assists clients with a wide range of transactions.

Douglas ("Dugie") is a real estate and corporate practitioner and strategis...

Douglas Baron
Partner
St. Louis
314 552 6011

Henry is a partner in the firm's Tax Practice Area.

Henry is a partner in the firm's Tax Practice Area.

Henry Bettendorf
Partner
Chicago
312 580 2206

Scott's practice focuses in the areas of family wealth preservation, federal transfer taxation, and family business planning.

Scott's practice focuses in the areas of family wealth preservation, federa...

Scott Bieber
Associate
Chicago
312 580 5047

Sarah helps individuals and families preserve their wealth by developing strategies to safeguard their assets in the most tax-efficient way.

Sarah helps individuals and families preserve their wealth by developing st...

Sarah Chang
Partner
St. Louis
314 552 6022

Tom's practice focuses on the areas of estate planning and administration, federal estate and gift tax compliance and controversy, organizational, tax and succession plan...

Tom's practice focuses on the areas of estate planning and administration, ...

Tom Corbett
Partner
St. Louis
314 552 6027

For 35 years, Steve has focused his practice on succession planning for family businesses, including the areas of estate planning, taxation, estate and trust administrati...

For 35 years, Steve has focused his practice on succession planning for fam...

Steve Cupples
Partner
Chicago
312 580 2303

Georgia serves as an estate planning advisor and personal general counsel to closely-held businesses, business leaders, and other individuals.

Georgia serves as an estate planning advisor and personal general counsel t...

Georgia Loukas Demeros
Partner
St. Louis
314 552 6588

Jackie's practice is focused on representation of individuals and families in the areas of estate planning and charitable giving and representation of nonprofit organizat...

Jackie's practice is focused on representation of individuals and families ...

Jackie Dimmitt
Partner
St. Louis
314 552 6312

Laura's practice is focused on all aspects of estate planning, including the preparation of estate planning documents, probate and tax law, tax planning and business succ...

Laura's practice is focused on all aspects of estate planning, including th...

Laura Duncan
Partner
St. Louis
314 552 6035

Jim serves as a key advisor to regional medical groups on the full spectrum of business and regulatory issues they encounter while providing medical services.

Jim serves as a key advisor to regional medical groups on the full spectrum...

Jim Fogle
Partner
Chicago
312 580 2207

Jay serves as a critical business partner and advisor for a variety of companies, from startups to multi-level international organizations.

Jay serves as a critical business partner and advisor for a variety of comp...

A. Jay Goldstein
Partner
St. Louis
314 552 6151

Steve is a nationally recognized practitioner in the areas of estate planning and the structuring of privately held businesses.

Steve is a nationally recognized practitioner in the areas of estate planni...

Steve Gorin
Senior Counsel
St. Louis
314 552 6400

Paul focuses his practice on employee benefits law and taxation.

Paul focuses his practice on employee benefits law and taxation.

Paul Griesemer
Partner
Chicago
312 580 2306

Matt draws on his wide-ranging corporate law background to guide entrepreneurs toward growth and success at each stage of their business.

Matt draws on his wide-ranging corporate law background to guide entreprene...

Matt Hafter
Partner
Los Angeles
310 282 9476

Jon has more than 30 years of experience as a CPA, as well as an attorney, practicing in the areas of income tax planning, business succession planning, and estate and gi...

Jon has more than 30 years of experience as a CPA, as well as an attorney, ...

Jon Karp
Partner
St. Louis
314 552 6187

Larry is a nationally known authority on estate planning and planned giving.

Larry is a nationally known authority on estate planning and planned giving...

Larry Katzenstein
Partner
Chicago
312 580 2342

David is a corporate architect who develops and implements creative legal strategies that help clients achieve their high-level business and financial objectives.

David is a corporate architect who develops and implements creative legal s...

David Kaufman
Counsel
St. Louis
314 552 6357

Katie advises families and helps them develop appropriate estate plans for their individual circumstances.

Katie advises families and helps them develop appropriate estate plans for ...

Katie Knapp
Partner
St. Louis
314 552 6073

Joe is a longtime member and former chair of our Private Client group.

Joe is a longtime member and former chair of our Private Client group.

Joseph Logan
Partner
Chicago
312 580 2231

Ed counsels individuals and businesses on a broad spectrum of estate, trust, business, and tax planning matters.

Ed counsels individuals and businesses on a broad spectrum of estate, trust...

Ed McGillen
Partner
St. Louis
314 552 6316

Lacey has extensive experience in all aspects of estate planning, estate and trust administration and charitable giving.

Lacey has extensive experience in all aspects of estate planning, estate an...

Lacey Searfoss
Partner
St. Louis
314 552 6562

Jason is a trusted legal advisor to multi-generational families and their businesses.

Jason is a trusted legal advisor to multi-generational families and their b...

Jason Thein