Limited Liability Companies

Tennessee has one of the strongest LLC statutes in the nation, affording our clients uncommon protection against liability. 

Our attorneys particularly enjoy working with clients to accomplish transactional objectives, whether it is a contract with a vendor or the acquisition of a new subsidiary.  If you are selling your business, we can help you maximize the after-tax proceeds.

Because our firm also has extensive knowledge of estate planning, we can help position your business for your heirs.  For example, lifetime estate freezes shift the income or appreciation of the business to younger generation beneficiaries must comply with IRS guidelines to avoid adverse gift tax consequences. Our experience in tailoring partnership and operating agreements within such guidelines facilitates tax-advantaged transfers of business interests to our clients’ family members. Gifts of options and of restricted stock, and qualification of trusts as S Corporation shareholders, are other areas in which we can help you.

Where business interests are to be transferred at death, the terms of that transfer should be integrated with the client’s overall estate plan in order to minimize intra-family disputes. Estate planning for business interests also includes consideration and implementation of special tax provisions intended to reduce or defer estate tax, such as stock redemptions and certain exclusions and extensions available for qualified family owned or closely held business interests.