Close Business

Close businesses have a significant impact on the individuals and families that own and oversee them. We work with our clients to be sure that their goals are carefully implemented, even as we work together to address any unusual or complex valuation issues that might arise.

Representative Client Matter: A closely held corporation sought to motivate its key employees. We worked together to create an incentive stock option (ISO) plan and coordinate it with the various classes of stock. We also drafted a comprehensive shareholders’ agreement and implemented a buyout plan to address the death or disability of a shareholder, partially funded by life and disability buyout insurance. When several key business contacts were recruited to invest in the company, a convertible debenture, with put and call rights, was structured.