FAMILY BUSINESSES

Family businesses face a dual challenge every day - - business issues and family dynamics.

Our awareness of this dual challenge equips us to help family businesses conquer that very challenge.  And in doing so, we help family businesses run smoothly, flourish, and endure for generations. 


In keeping with our commitment to serving family businesses, we have written and spoken extensively about issues that often ensare family businesses.  We are delighted to share these materials with you.

She began working at her grandfather’s hardware store when she was a teenager.  By the time the COVID-19 crisis hit, she had grown the business to three retail locations and a crew of nearly one hundred commercial contractors and home remodelers.

Now she is worried that when she reopens her stores, she might be liable if a customer claims that they were infected with the virus on her premises.  She is concerned that one of her...

February 12, 2020

You are the proud owner of a family business that may have existed for many years and brought profit and joy to several generations.

Perhaps, though, you are ready to consider selling the family business – maybe this is the ideal time to capitalize on the value of the it.

In considering a potential sale, know that the selling process tends to come along with a lot of emotions, as the business is often near and dear to the heart...

November 7, 2019

Family businesses are often run more like a family affair than like a business.  They often don’t have a board of directors, corporate by-laws, shareholder’s or director’s meetings, or corporate resolutions.

While this informality is both understandable and common, it also poses a grave hidden danger to the business itself.

In the absence of corporate formalities, family businesses could lose the insulation that the corporate ve...

March 5, 2019

Routinely business owners and general practitioners will establish corporations using form documents or corporate agents.  If the business is and will be owned in perpetuity by a single individual then using this short cut approach to formation is a quick and efficient track.

If, however, the business is or will ever be owned or managed by more than one person (whether a family business or otherwise) than using this quick incor...

December 8, 2018

Please join me and the panel on January 7, 2019 for this lively discussion of a 'truth is stranger than fiction' family business gone wrong story highlighting the accounting, family law and business law issues implicated. 

This program is jointly presented by the Rockland County Bar Association, the Rockland County Women's Bar Association, and the New York State CPA Society, Rockland Chapter. 

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The Bachman Law Firm PLLC helps business clients with matters including lawsuits, collections, real estate, contracts, corporate issues, and trademarks and copyrights. With offices in New City, the firm serves clients in New York and New Jersey including those in Manhattan, Bronx, Queens, Brooklyn, and Rockland, Westchester, and Bergen. 

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