practice areas

FAMILY AND CLOSELY HELD BUSINESSES

In many ways, family and closely held businesses face a set of challenges like no other business. We can work with you to overcome those challenges.

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Description

In many states, especially because shares in closely held businesses are considered "illiquid," the shareholders, directors, and even executives may hold a heightened or fiduciary duty to fellow shareholders, directors, and employees. These heightened or fiduciary duties may expose you to greater liabilities than you may be aware of. The lawyers at A. Dean Law can help you fashion a rigorous disclosure and compliance regime to mitigate these risks. 

Also, more often than not, family and closely held businesses have a small number of shareholders who pay a central role in the success of the business. This means that the business should plan for how to operate in the event that one of the key stakeholders becomes unable to participate in its management. A. Dean Law can create shareholder agreements that address these circumstances; we can also advise you on other succession planning issues unique to this type of business.

Client:
Webflow
Release Date:
July, 13, 2018
Category:
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practice areas

OUR PRACTICE AREAS

At A. Dean Law we take pride in advising our clients on their businesses' legal needs throughout the corporate lifecycle. As your company grows and changes, our advice adapts. From formation to fundraising to first hires, from start-up to exit and everything in between. We've got all the services you'll need to make your business a success.