Every business should have a succession plan. Proper planning can mean the difference between a business that passes to the next generation (or to a key employee or to a third party purchaser) successfully and a business that fails. We work closely with our Business Practice Group to provide creative, practical, tax efficient solutions for business owners at every stage of their careers.
Representative Experience
Maine Beer Co. has grown from a small “nano” brewery producing 100 barrels of beer a year to a thriving microbrewery producing over 4000 barrels a year. To support the surge in production they expanded their staff from two to 12 full-time people and moved into a brand new 11,000 square foot production facility. As the company has grown so have its legal needs and Pierce Atwood has been there to help.
MoreWorking together, our Business and Trusts & Estates lawyers helped our client Tom’s of Maine negotiate the sale of a controlling interest in the company to Colgate-Palmolive, in which the family retained a 16% interest.