Business Law

Shareholder/Partner Relations and Business Succession Planning

Business owners are faced with numerous challenges in the growth and development of their business. Attorneys at Cummings, McClorey, Davis & Acho, P.L.C. (CMDA) advise business owners on all phases of business development from start-up of new businesses and affiliated entities, creating and defining responsibilities and obligations of shareholders and partners, buying into a business, selling an interest in a business, and creating a business succession plan for shareholders, members or partners. Working with our tax advisors and estate planning attorneys, we place particular care on providing for the retirement of founding members and key personnel and the transfer of control of a closely held or family owned business to the next generation. Our attorneys negotiate, draft, and review agreements relating to the ownership and transfer of a business entity. We assist clients with:

  • Buy-Sell Agreements,
  • Operating Agreement,
  • Partnership Agreements,
  • Shareholder Agreements,
  • Joint Ventures,
  • Business Succession Plans, and
  • Trusts and Voting Agreements.