Family LLC & Partnership Formation

Many entrepreneurs consider the business they formed, crafted and grew into a successful enterprise like a member of their family. Passing that passion for the business down to the next generation of family members can be a challenging task. We listen to business owners and work with them to restructure or form entities to position their business for success now and in the future by addressing transition, financial and tax considerations.

Merely forming a family limited-liability company (LLC) or partnership does little to deal with succession planning issues. Our attorneys are experienced at helping clients create family LLCs that structure the ownership of assets and isolate potential exposure to liabilities. The LLC needs a carefully crafted operating or buy-sell agreement considering items such as:

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