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FAMILY TRANSFERS

For many business owners, as they age, they wish to give the business to their children, grandchildren, or other family members, but there can be challenges involved in this. How do you get this done? How do you structure this? How do you do a transition where some family members are joining the business and others are leaving? How do you treat everybody fairly if one child is joining the business and the other child is not joining the business? How do you make sure everybody feels like they got fair value?

We've worked with some clients on family transfers, and we know the processes and some of the tricks and pitfalls involved. We work with clients to make sure that we have plans in place for these transitions to make sure that the generations can work together and that everybody feels like they've been treated fairly. If you're going to be transitioning your ownership of your company from one generation to another, you want to make sure you have processes and procedures in place. You want to make sure you're doing it right. You want to make sure everybody's taken care of and that it's a smooth process.

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WHAT OUR CLIENTS ARE SAYING:

“Call Shawn should you need an attorney that shows you that your concerns are his concerns.”
Mark Ashton
“While reviewing the opposing party’s financial records Shawn uncovered a fraudulent transfer of assets by the opposing party. Consequently the case settled for a seven figure amount that was approximately four times what we originally anticipated.”
Richard Mann | Ted Lyon & Associates
“Shawn has been an invaluable resource for our company. His skills as a contract lawyer have proven to be top-tier and he covers all bases for us.”
Mike Lyon | CEO, Calamity Gym
“We know we are being well represented when we turn our legal matters over to R. Shawn McBride. Thank You!”
David Jacobs | President/CEO, Sign-Awn Supply, Inc.
“His noteworthy ability to convey legal strategy in understandable and meaningful terms empowers clients to act in a way that protects them legally and positively promotes their business and personal goals. An advisor of this caliber is a treasure.”
Lin O’Neil | Consultant, Lead Faculty at Goldman Sachs 10,000 Small Business – Dallas, Former Board of Directors, Continental Airlines

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