Succession Planning
Understanding the business and personal objectives
Providing trusted advice and legal respresentation
Mack Law has grown its transactional and succession planning practice as a result of representing clients through long term relationships and varied business cycles. Mack Law has also become a key and sought out partner to financial advisors, trustees, investment advisors, accountants and businesses looking for a competent and well positioned law firm to represent a business through a sale process or acquiring an equity partner.
Mack Law is well suited to provide objective counsel to business leaders needing to plan for long term succession, or faced with an emergency (death or disability) or untimely departure of a key professional. Since a concentrated source of Mack Law’s client base is family owned buisnesses, Sandra Mack is well versed in the legal and non legal issues presented given her deep understanding of buiness as well as business law. Her clients find her practical and sensitive to the need for ongoing day to day running of the business during this critical stage of the business cycle. Mack Law is a “go to firm” to listen to the business objectives, and draft the necessary documentation to assist the team with immediate short term or preparation for term succession plans.
Examples of specialized areas of expertise:
Coordination with estate plans and asset values
Work with tax professionals to minimize taxes
Recommend employment and managment plans
Draft buy sell, redempion, shareholder/ member cross sell agreements
Identify key collateral and refinance opportunities
Assist in locating resources to the team to recapitalize or sell
Identify strategies in short term and long term to mazimize value
Deep due diligence in busiess contracts to identify impediments to transfer of assets
A long standing, corporate and real estate client we’re assisting on Business Succession Planning…
“Sandy’s expertise has guided our family business for nearly 30 years in matters of business practices, securing financing for growth strategies, and three generations of succession planning. She has challenged us to think outside the box not only as business owners but in our personal estate management. Her integrity is above reproach which makes it easy to refer others without hesitation. She has further exemplified this as we work together in the non-profit sector. Her breadth of knowledge and experience never ceases to amaze me. I trust her implicitly.”