Business Formation & Succession Planning
A large number of Elias Sellitti LLC clients are business owners and entrepreneurs whose interests in closely held businesses frequently represent a significant portion of their wealth. Consequently, our estate planning services routinely include business succession planning to ensure an orderly and equitable transfer of those business interests.
Business Succession Agreements
We prepare and review shareholder agreements, operating agreements and partnership agreements. These are comprehensive agreements that define the rights, duties and obligations of the business owners to one another and to the entity itself; fix the value of an owner’s interest for all relevant purposes, including transfer taxation; and maximize the potential for the entity’s success following the senior owner’s withdrawal from current operations due to retirement or death.
General Counsel Services
We also serve as general counsel for our clients’ closely held businesses, providing legal and tax advice within the scope of our experience. When necessary, we refer matters to select counsel possessing the requisite level of experience and expertise.
Fixed and Flat Fee Succession Planning
We provide virtually all business succession and general counsel services on a fixed or flat-fee basis, allowing our business clients to budget accordingly and confidently.