Closely Held Businesses

Dorsey & Whitney has a long history of advising and representing closely held businesses and their owners.  While many of our current public company clients started years ago as closely held businesses, an even greater number of our clients have remained closely held, many through two or more generations.  Legal services are provided in all aspects of general corporate, limited liability company, partnership, income tax and other business laws.

Our Closely Held Businesses practice focuses on all forms of business ownership in a broad spectrum of markets and industries, including:

  • Individual Owners
  • Partnerships
  • Joint Ventures
  • Limited Liability Companies
  • “S” and “C” Corporations

Our group members have corporate, tax planning and merger and acquisition knowledge, and through specialists in our other practice groups, we are able to deliver the necessary and appropriate legal services, including:

  • Selection/Formation of New Entities
  • Shareholder and other Ownership Agreements
  • Intellectual Property Protection
  • Employment Agreements
  • Stock Option, ESOP and other Benefit Plans
  • Mergers & Acquisitions
  • Leveraged Buyouts and Recapitalizations
  • Succession Planning and Financings
  • Restructure of Existing Entities
  • Spin-offs

We take the time necessary to understand each of our client’s businesses and business needs as well as legal issues.  We view our relationship with our clients to be a true partnership between the lawyer/counselor and the client, and we strive to perform highest quality and timely services in a cost-effective manner.  Our lawyers’ abilities to call on the bank of firm specialties enables us to deliver expansive knowledge in a cost-competitive manner.