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Johnston, Allison & Hord, PA

Attorneys in Charlotte, North Carolina

Practices

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Business Succession Planning

We understand the needs of owners in what can be a delicate balance of interests.

Our experienced team of attorneys advises the spectrum of closely held businesses and their owners, ranging from single-owner small startup firms to businesses with complex structures and multiple owners, in all aspects of transitioning the ownership, management, and control of a business. Our clients include multi-generational family businesses, startups created by unrelated parties, and everything in between.

Many clients rely upon our full-service representation through all stages in the life cycle of a business – from startup through closing of transition of ownership. Along the way we counsel and prepare shareholder, operating, and partnership agreements among owners; advise owners with respect to tax planning opportunities, including income, estate, and gift tax strategies; and structure succession plans appropriate to the circumstances and wishes of the owners, whether transition to family members, sale to management or outside investors, or creation of employee stock option plans (ESOPs).

We assist clients growing their businesses with acquisitions, and those transitioning their businesses through sales, in all aspects of these transactions, including negotiating, preparing, and reviewing all transaction agreements and assisting with due diligence.

We pride ourselves on coordinating with each client’s other advisors, such as investment bankers, accountants, and financing sources, whether institutional or private, to maximize the efficiency and value to each client.

Industry / Sub-Industries

  • Manufacturing
  • Distribution
  • Construction
  • Technology
  • Healthcare
  • Consumer Products / Services
  • Professional Services (law, accounting, architecture, engineering, etc.)

Representative Experience

  • Assisted owners of multi-state manufacturing business with all aspects of sale to publicly traded strategic acquirer, including providing initial advice on potential exit strategies, engaging in pre-transaction wealth transfer planning, establishing owners’ domicile in tax-advantageous jurisdiction, and ensuring compliance with environmental disclosures.
  • Counseled and advised second and third generations of closely held business related to family continuing control during generational succession (though no longer active in the business) and transfer/maintenance of employee ownership at 50%. Evaluation included full estate plan analysis and implementation for individual family owners, consideration of ESOP option and possible sale or divestiture of business segments (not chosen), incentivization of key employees via ownership, and appropriate ownership-restriction regimens for employees versus family owners.

Group Members

  • S. Kyle Agee
    S. Kyle Agee

    Partner

  • John R. Buben, Jr.
    John R. Buben, Jr.

    Partner

  • Jon T. Coffin
    Jon T. Coffin

    Partner

  • Stephen “Steve” P. Gennett, II
    Stephen “Steve” P. Gennett, II

    Partner

  • J. “Nick” Kendall
    J. “Nick” Kendall

    Partner

  • David T. Lewis
    David T. Lewis

    Partner

  • John A. Morrice
    John A. Morrice

    Partner

  • Holly B. Norvell
    Holly B. Norvell

    Partner

  • David S. Rugani
    David S. Rugani

    Partner

  • J. Darrell Shealy
    J. Darrell Shealy

    Partner

  • N. “Lucy” Lucille Siler
    N. “Lucy” Lucille Siler

    Partner

  • Sheldon M. Stokes
    Sheldon M. Stokes

    Attorney

  • Clayton “Clay” R. Williams
    Clayton “Clay” R. Williams

    Attorney

  • View All

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Related Practices

  • Asset Protection Planning
  • Business Transactions
  • Charitable Planning and Exempt Organizations
  • Construction
  • Elder Law and Special Needs Planning
  • Employment Practices and Benefits
  • Estate Administration
  • Environmental
  • Fiduciary Litigation
  • Litigation
  • Mergers and Acquisitions
  • Nonprofit Entities and Tax-Exempt Organizations
  • Professional Services
  • Real Estate Advisory Services
  • Rezoning and Land Use
  • Taxation
  • Trusts and Estates

Related Industries

  • Manufacturing
  • Distribution
  • Technology
  • Healthcare

News / Events

  • News December 22, 2020
    New Year’s Resolution:
  • Articles October 28, 2020
    Federal Tax Law Update
  • Articles October 22, 2020
    Navigating Force Majeure Clauses
  • News September 21, 2020
    Strategic Business Planning: How to Give and Get More From Liquidity Events
  • News September 17, 2020
    Connecting During the Coronavirus Era
  • News July 9, 2020
    Johnston Allison Hord Attorneys Named in Chambers High Net Worth Guide 2020
  • Articles, News April 21, 2020
    COVID-19 Trusts and Estates Practice Update
  • News January 7, 2020
    Business North Carolina Magazine’s 2020 Legal Elite
  • News August 15, 2019
    Johnston Allison Hord Attorneys Named in Best Lawyers 2020
  • News May 18, 2019
    Johnston Allison Hord Attorneys Named in Chambers High Net Worth Guide 2019
  • News May 10, 2019
    Johnston Allison Hord Attorneys Recognized as 2019 Super Lawyers
  • News January 16, 2019
    Planned Giving Opportunities
  • News January 1, 2019
    Business North Carolina Magazine’s 2019 Legal Elite
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