Business & Succession Planning

You have worked hard all of your life in order to build a successful closely-held business. Now what?

Burr & Forman assists clients and prospective business clients in planning and implementing business and tax strategies, at all stages of business, including:

Formation/Capital Contribution

  • Does it make sense to form a limited liability company or to incorporate? 
  • How is the company going to be capitalized? Loans from banks or other lenders? Sales of stock or other equity interests? 
  • How does an established company raise more capital? Recapitalizations or sale leaseback transactions? Additional sales of stock or other equity interests?

Sharing of Profits 

  • Do any employees get "sweat equity"? 
  • Are executive and/or equity based compensation arrangements such as bonus and performance based compensation plans appropriate? What about stock option plans? Stock purchase plans?

Distributions 

  • How and when will money be distributed to the owners? 
  • Will any owners receive priority distributions? 

Management 

  • Who should be directors or managers of the company? Officers?
  • Are employment agreements, shareholder agreements, partnership agreements or operating agreements appropriate?

Exit Strategy/Succession Planning. 

    If your exit strategy is to transfer your business, what do you need to do to: 
    • Sell your business to your business partner? 
    • Sell your business to a third party? 
    • Transfer the business to employees? 
    • Transfer the business to the next generation?
    • Accomplish some combination of the above?
    When you transfer ownership,
    • Do you retain any control? 
    • Is your family taken care of? 
    • Are there any employee, lender, supplier, and/or customer issues? 

These are just a few of the issues that must be addressed when one approaches the subject of business & succession planning. 

At Burr, we take a team approach to business & succession planning, assigning attorneys from multiple disciplines to a client in order to achieve the most comprehensive and cost-efficient representation possible. Our inter-disciplinary team includes seasoned attorneys practicing in the areas of:



Contact one of our team members or read our Business Succession Blog to learn more about how we can help you with all of your Business Succession Planning needs.

Our Attorneys

Matthew Barnes
Partner ~ Birmingham, Alabama|
(205) 458-5120
(205) 278-4597
Matthew
Charlotte Bennett
Associate ~ Birmingham, Alabama|
(205) 458-5460
(205) 714-6889
Charlotte
Kathryn Bouchillon
Partner ~ Atlanta, Georgia|
(404) 685-4280
(404) 214-7383
Kathryn
Edward Brown
Partner ~ Atlanta, Georgia|
(404) 685-4292
(404) 214-7947
Edward
Edward Christian
Partner ~ Birmingham, Alabama|
(205) 458-5155
(205) 244-5620
Edward
Sean Dudley
Associate ~ Mobile, Alabama|
(251) 345-8221
(251) 344-9696
Sean
Joshua Ehrenfeld
Counsel ~ Nashville, Tennessee|
(615) 724-3232
(615) 724-3332
Joshua
Deborah Fisher
Retired Partner ~ Birmingham, Alabama|
(205) 458-5295
(205) 244-5635
Deborah
Lauren Foshee
Associate ~ Birmingham, Alabama|
(205) 458-5270
(205) 244-5713
Lauren
Tully Hazell
Partner ~ Atlanta, Georgia|
(404) 685-4317
(404) 817-3244
Tully
Jefferson Holt
Associate ~ Atlanta, Georgia|
(404) 685-4277
(404) 214-7998
Jefferson
Ingu Hwang
Counsel ~ Birmingham, Alabama|
(205) 458-5313
(205) 244-5684
Ingu
April Mason
Partner ~ Birmingham, Alabama|
(205) 458-5459
(205) 244-5747
April
James McCarten
Partner ~ Atlanta, Georgia|Nashville, Tennessee|
(404) 532-7236
(404) 817-3244
James
William McKenzie
Partner ~ Atlanta, Georgia|
(404) 685-4312
(404) 214-7396
William
C. Read Morton
Counsel ~ Atlanta, Georgia|
(404) 685-4330
(404) 214-7397
C. Read
Norman Orr
Partner ~ Birmingham, Alabama|
(205) 458-5142
(205) 224-9453
Norman
J. Fred Powell
Retired Partner ~ Birmingham, Alabama|
(205) 458-5228
(205) 244-5697
J. Fred
Marion Quina, Jr.
Counsel ~ Mobile, Alabama|
(251) 345-8255
(251) 344-9696
Marion
Bruce Rawls
Partner ~ Birmingham, Alabama|
(205) 458-5247
(205) 244-5700
Bruce
Anthony Romano
Associate ~ Birmingham, Alabama|
(205) 458-5210
(205) 714-6895
Anthony
Ty Roofner
Partner ~ Orlando, Florida|
(407) 540-6672
(407) 650-2730
Ty
Jack Stephenson, Jr.
Partner ~ Birmingham, Alabama|
(205) 458-5201
(205) 244-5708
Jack
Joseph Stewart
Retired Partner ~ Birmingham, Alabama|
(205) 458-5241
(205) 244-5710
Joseph
Allen Sullivan Jr.
Partner ~ Birmingham, Alabama|
(205) 458-5108
(205) 244-5717
Allen
George Taylor, III
Partner ~ Birmingham, Alabama|
(205) 458-5254
(205) 244-5711
George
William Thuston
Managing Partner ~ Birmingham, Alabama|
(205) 458-5143
(205) 244-5712
William
India Vincent
Partner ~ Birmingham, Alabama|
(205) 458-5284
(205) 244-5714
India
Erin Ward
Partner ~ Atlanta, Georgia|
(404) 685-4255
(404) 214-7936
Erin
Callie Whatley
Partner ~ Birmingham, Alabama|
(205) 458-5441
(205) 244-5734
Callie
Thomas Wood
Partner ~ Mobile, Alabama|
(251) 345-8203
(251) 706-2412
Thomas

Experience Matters

Brief sentence defining representative matters.

  • Manufacturing Purchase and Sales

    Draft and negotiate terms and conditions of purchase and sale for various manufacturing clients.
  • General Corporate Representation

    Have assisted numerous clients in the drafting of partnership agreements, limited liability operating agreements, shareholder agreements, equity incentive plans and other internal corporate arrangements.
  • Health Care Corporate and Financing

    Handle corporate work for client, including restructure of organization for asset protection and some succession planning. Also handle most financing transactions and some regulatory work.
  • Corporate Business Planning & Succession

    Handled the acquisition of all 3 of client's nursing homes in Alabama. Handled all corporate work, including corporate restructure. Involved in succession planning to move ownership to next generation. Client also owns a pharmacy for whom all corporate work and regulatory compliance was handled. Also involved in succession planning for the pharmacy.
  • Health Care Financings

    Represented nursing homes in traditional financing arrangements and HUD-insured financing.