Dynamics of Closely Held Businesses

Malin Bergquist’s Closely Held Business Advisors Group uses an integrated team approach with experts who address a client’s unique needs. This process typically includes:

• Multiple team member assignments including para-professional support for accounting and payroll assistance; professional team member support for tax preparation and financial statement assistance; manager and or partner guidance for strategic planning and overall engagement contact.
  
  
• As a clients business change, so do we:  Many of our large clients were once just an idea in the mind of its owner. As such, the business may have grown from a startup in their home garage to a multi million dollar operation supported by countless employees in multiple locations. Between the start up and current operation are many stressful problems and decision events.
  
  A "Top 10" list of key questions includes:

1. Do we incorporate or make the business an LLC?
2. Do I purchase a business location or rent one?
3. Should I hire full time employees or lease employees?
4. Should I take on partners, transfer ownership to my children or sell the business when ready to exit, and how do we do this?
5. Should we borrow funds to expand the business?
6. How do I protect the business from potentially negative family issues, such as divorce?
7. What are the tax effects of selling the business?
8. What are the estate tax effects of leaving my business to my children?
9. How do I resolve disputes between family members who are owners without affecting the business operations?
10. Should I realize the financial appreciation of my company’s value, and take my business public and how do we do this?

Malin Bergquist’s advisors have dealt with all of these questions and more. The dynamics of running your company become our business, and we will support you in whatever phase of operation you are in. We have the talent and expertise to exceed your expectations, as we have done for many, many clients now and in the past.

Retirement should not be an unhappy experience. To us, the succession of a business is not the end but rather a new beginning. Our professionals have assisted in developing many creative succession plans that help clients achieve financial rewards and significantly reduce their risks. The intimate relationships we build with clients give us a unique opportunity to listen, recommend and act on a plan.