Owners of successful businesses are faced with numerous challenges and opportunities when planning for the orderly transfer of their business interests during life or at death.  Whether a sole proprietorship, closely-held corporation, general or limited partnership, or any other form of enterprise is involved, the owner of a significant business interest needs expert advice in dealing with the many issues that arise in planning for the future.

At Thompson & Pollock LLC, we provide advice and counsel to business owners in all aspects of business succession planning.

Our services include the following:

•	State and federal income tax minimization.
•	Shareholder agreements and funding mechanisms for these agreements.
•	Structuring sales and gifts of business interests.
•	Employee Stock Ownership Plans (ESOPs).
•	Recapitalizations.
•	Tax-free reorganizations.
•	Deferred compensation arrangements.
•	Gift planning for business interests, including valuation discounts.
•	Voting trusts.
•	Key man/woman insurance.
•	Split dollar agreements – Exit strategy options.
•	Stock redemption to pay estate taxes.
•	Deferral of estate taxes on closely held businesses.

In addition to counseling on strategies for the transfer of business assets, our attorneys provide advice on the issues confronting family business owners seeking to transfer management and power to successors. The firm engages in collaborative approaches to guide clients in selecting successors, resolving inter-generational conflicts, identifying differing agendas among key players, and developing strategies for transition timing.