We assist many closely held and family businesses at all stages of growth and development. We have consistently guided family owned business entities through successful business transitions.
Family businesses present unique legal needs and CM Advocates and its associated businesses provide a complete suite of legal and business advisory services responsive to those unique needs. Our diverse team achieve favorable conclusions by developing appropriate succession strategies, managing execution of the plan, and devising methods to address challenges effectively.
Our approach to family businesses and succession planning includes identifying the most efficient means to holding assets and investments, ascertaining appropriate succession plan and tools and determining the optimal timing of the transition. Tax and estate planning strategies are reviewed and assessed in order to minimize the income and capital gain taxes implications.
CM Advocates offers legal advisory and guidance on several issues that may arise in the context of family owned businesses and succession planning: