Developing a Network of Business Relationships
Most business owners surround themselves with talent. But the truly successful business owners surround themselves with not just talent, but talented people who proactively exercise good initiative and judgment in identifying, attacking and solving problems before they become real problems. Ron Thompson has over ten years of experience as in house general counsel to an international company with offices in 35 states and three countries. In that regard there is literally nothing a small business could face that he cannot address and resolve. Employment, real estate, contracts, equipment leasing, securitization, risk management, finance, asset and business acquisitions, franchising, litigation, tax and succession planning.
Formation of a New Business
A critical decision that a potential business owner must make is the legal structure for the company. There are many advantages and disadvantages in every corporate formation in Michigan. Whether you will create a sole proprietary, partnership, limited liability company, or corporation, Thompson Stewart, P.C. has the corporate and tax experience to advise you on the best approach from an asset protection, financial and tax perspective.
Because legal services are integrated with other needs of your business, we have developed a sophisticated network of relationships with individuals and companies to provide a coordinated approach to finance, insurance, and tax planning for our clients. Our clients benefit from this integrated approach because their needs can be addressed holistically and not as separate silos.
Business Succession Planning
For every business, succession should be a major consideration. Without comprehensive succession planning and a properly funded buy sell agreement, the death, disability or divorce of an owner or partner can be catastrophic for both the business and its remaining owners. Like an individual estate plan, there is no “one size fits all” buy sell agreement . At Thompson Stewart we advise clients on their options and provide them economical feasible solutions custom designed to their unique circumstances.
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“Because legal services are integrated with other needs of your business, we have developed a business network of relationships with individuals and companies to guide our clients to obtain the best insurance coverage, employment agreements and tax planning for them for the present and the future.”