Closely Held Business and Tax Group

Business owners and their families require a special blend of legal services. Our clients, who include individuals, small, closely held businesses, mid-size and large companies, receive personal service from experienced lawyers who are able to assess their individual personal and business needs with care. Attorneys in this group share a versatility and understanding of the tax laws and apply creative approaches to guide the business owner through the stages of building a business and preserving personal assets.

Many clients rely on us as their general counsel and we assist them in their day-to-day needs as well as their long-term planning and financial requirements. When a client's situation becomes entwined with other issues or problems, we immediately access the resources of our experienced litigation, commercial, real estate, environmental and employment attorneys.

For individuals and business owners, we are careful to devise plans that will protect one's accumulated wealth by using creative and current planning techniques. Ultimately, we strive to help our clients make wise business decisions that will achieve both tax savings and long-term financial goals.

Lawyers at Rome McGuigan, P.C. who provide business and estate planning services have acquired additional training and experience which directly enhances their capabilities. Additional credentials and activities of attorneys in the group include: an LL.M in taxation from NYU; an MBA; member and former director of the Estate and Business Planning Council of Greater Hartford; member of Connecticut Institute of CPAs; member of the American Institute of CPAs; tenured faculty member at the Barney School of Business; and frequent lecturer.

General Business

• Partnership formation and agreements
• Limited liability company agreements
• Mergers, sales and acquisitions
• Reorganizations
• Employment agreements
• Buy-sell agreements
• Employment compensation plans:
  • Stock options
  • Phantom stock plans
  • Pensions
  • Other deferred compensation packages
• Joint ventures
• Licensing of technology
• Negotiation of contracts with vendors, suppliers and distributors
• Non-compete and confidentiality agreements
• Private placement memoranda

Tax

• General tax planning for individuals
• Federal and State tax litigation and audits
• Acquisition, sale or dissolution of businesses
• Post-mortem tax planning
• Structured gift-giving and charitable donations
• Pensions, deferred benefits and stock option plans
• Income taxation

Estate and Business Planning

• Transfer of ownership/succession planning
• Retirement planning
• Estate planning and administration
• Representation of executors and trustees
• Long-term care, special needs and nursing home planning
• Family limited partnerships and LLCs
• Pension planning
• Probate litigation
• Use of life insurance
• Generation-skipping transfer tax planning
• Grantor Retained Annuity Trusts
• Charitable Remainder Trusts
• Qualified Personal Residence Trusts
• Trust administration
• Wills, revocable living trusts, irrevocable trusts

Attorneys in this practice area

Brian Courtney
Anthony Ludovico