Family Business & Family Office Services
Many of McGuireWoods’ individual and family clients have sophisticated financial and personal interests, including complex asset portfolios consisting of one or more private businesses, large blocks of public company stock, real estate (including personal residences and other assets often located in more than one country), aircraft, watercraft, art and other property, the value of which they would like to maintain, maximize and ensure is passed to subsequent generations in the most efficient manner possible. These goals require special skills and focused attention by experienced legal advisers.
With deep experience and technical knowledge, we efficiently analyze strategies and alternatives on the transfer of ownership and control of the family business from one generation to the next. Our attorneys assist proprietors in the formulation of arrangements to keep the business in the family and design the best plan for clients.
In addition, we minimize taxes through the integration of strategies such as valuation discounts and estate freezes. The team considers the impact of income, gift, estate and generation-skipping taxes and ensures clients plan for immediate and long-term cash needs.
We assist clients in establishing and maintaining cost-effective relationships with their advisers and help family offices manage and minimize a legal and business risks. McGuireWoods also advises clients on mission statements and strategies, charitable foundations and education of younger generations.
The firm’s private equity lawyers represent single-family and multifamily offices in buyout transactions, minority equity investments, venture capital investments, co-investments, fund investments, fund-of-funds strategies and family office formation.
McGuireWoods attorneys provide straightforward guidance to family businesses and family offices that helps them comply with the web of federal and state laws governing the taxation, management and transfer of private assets for the benefit of family members and others.
Consistently ranked nationally and in Virginia, North Carolina, and Washington, D.C., in private wealth law.
– Chambers High Net Worth Guide
Named “Law Firm of the Year” for trusts and estates law.
– Best Law Firms
