Lawyers in Pittsburgh, PA Handle Your Family Business Issues and Solutions
Experienced counsel for your family enterprise
A family business can be emotionally rewarding and draining at the same time. It is hard to overestimate the feeling you get from seeing your loved ones every day. You also have the gratification of knowing that your work helps to secure the financial future of your children and grandchildren. But a family business is still a business, with important decisions that need to be made by its owners and employees. Our lawyers at Feldstein Grinberg Lang & McKee, P.C. have long supported family businesses. We have the experience you need to make the critical decisions that will ensure your business’s success.
The following attorneys practice Family Business Issues & Solutions Law:
What is the legal structure of a family-owned business?
Family businesses are almost always formed as closely held companies, consisting of a small number of shareholders whose shares are not publicly traded. In addition to providing general legal services to family businesses, we can also provide assistance with:
- Buy-sell agreements. A buy-sell agreement is a contingency agreement in place in the event that one of the partners or shareholders suddenly dies or withdraws from the business. In a large corporation with many owners or shareholders, a few comings and goings are not serious. But in a small family business, the consequences could be dire if there is no buy-sell agreement in place.
- Operating agreements. An operating agreement is the governing document for limited liability companies. It distributes the operational duties, rights and powers among the members or managers.
- Business succession planning. Having a business succession plan is important for small businesses, especially family-owned entities. We can help you take steps to ensure your family business is ready to make the transition in leadership and continues to thrive when another person takes over the company’s helm.
- Partnership agreements. A partnership agreement is a contract between two or more parties who agree to undertake a business venture together and share the profits and losses between or among the partners.
Business litigation issues
Family-owned businesses are not, unfortunately, immune from business litigation issues, from within the company itself, or outside of it. Family disagreements are common, and when money is involved, those disagreements tend to be even more frequent. Litigation actions against another company often involve a breach of contract, a collection matter or some sort of unfair trading practices. Whatever type of dispute your business is facing, our reliable business law attorneys can help.
Work with experienced family business attorneys from the start
Feldstein Grinberg Lang & McKee, P.C. is committed to your family business’s success. Contact us today at 412-436-5788 or via our website to schedule your confidential consultation. We are conveniently located in downtown Pittsburgh and proudly serve all of Pennsylvania.