We structure family businesses around emerging centers of wealth worldwide, grounded in our knowledge of the financial hub of Chicago, a global business leader and our hometown. The firm’s private wealth services attorneys work with their corporate colleagues to offer market-leading advice on how businesses are best organized. We adroitly navigate the complexities of business succession planning and tax-effective strategies to pass a business from one generation to the next.
Succession Planning for Business
The firm blends broad, cross-practice experience in business, finance, trust and tax law to help entrepreneurs and owners of closely held companies plan for business succession. We restructure entities, guide intra-family sales, negotiate corporate and partnership buy-sell agreements, draft and negotiate premarital agreements, and develop strategies to compensate non-participating family members to ensure that the core bonds of family remain strong and wealth transfer needs are met without compromising ongoing business goals.
Sophisticated Tax Solutions
The firm’s nationally-acclaimed estate planning and tax attorneys analyze, structure and negotiate tax-efficient solutions integral to business succession planning. We apply tax minimizing solutions to complex business and estate planning situations for high-net worth individuals and privately held companies, including international families and companies with cross-border operations in the U.S. and worldwide.