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Business Valuation and Litigation Support
You have spent a lot of time and energy building your business into a successful enterprise. The long nights, the weekends, the sacrifices made to build something of value, to provide for your family and your retirement. Now, you want to do something new, start a new venture or retire and travel. But have you given any thought to positioning your business for an exit strategy?
With forethought, the exit you plan is one where you control the timing and terms. What we see is that planning for an eventual disposition is the last thing on the minds of many entrepreneurs, whether their business is manufacturing, sales, or service. It is tough to face the fact that we cannot work as hard or as long as we used to. Sadly, too often, a large amount of the value built up over a lifetime winds up diminished due to a fire sale, loss of a key man with no successor to run the business, or to estate taxes that are too high due to poor or no planning.
A number of occasions require that a fair value be placed on a business. Whether it be business owners forced to sell all or part of their business; one partner wanting to sell his or her interest to the other; or any number of other life circumstances such as divorce, DHL&S has successfully helped many clients determine the true, fair value of their business.
Planning steps taken today can increase the value of a business tomorrow. Good estate planning allows a business owner to pass the business to their heirs at a reduced tax cost.
We have helped our clients with a many different situations, such as:
• Sale of a business
• Mergers or acquisitions
• Purchase price allocation
• Buy/Sell agreements
• Succession planning
• Gifting programs
• Estate filings and estate planning
• Charitable contributions
• Litigation Support, including divorce, economic loss analysis, dissenting shareholder disputes, and disruption of business
• Employee options and stock grants
Some of the industries we have assisted include:
• Professional services
• Health care organizations
• Contractors (electrical and construction)
• Passenger boat operations
• Manufacturers (machine, tool & die, other)
• Printing
• Computer services
• Wholesale distribution services
• Fulfillment companies
• Automotive
• Motorcycle dealerships
• Food retail
• Power generation
If you are looking for ways to maximize the value you keep, then contact James G. Cosgrove at 203-929-3535 or via email at jimc@dhls.com. |
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