Business owners devote significant time and money to developing companies they take pride in operating and passing on to the next generation. Yet, family owned and closely held business face many legal and tax concerns when managing and transferring wealth or company control.

The Faegre Baker Daniels wealth management team is experienced in counseling on family business issues. We help closely held companies protect their assets and secure their futures by:

• Reviewing buy-sell agreements and other business continuation options for preservation of family ownership and control of the family business;
• Assisting with the planned disposition of businesses to continuing shareholders or others;
• Evaluating asset relocation and business continuation strategies to determine the impact of all taxes due to transfers;
• Advising executives on transferring wealth within regulatory restrictions, including SEC rules and regulations; and
• Counseling on valuation of assets, estate freezing, recapitalizations and partnerships related to company assets.