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family businesses
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A family business is a different animal. Large or small, regardless of industry, family businesses face challenges that simply don't apply to non-family enterprises. It's not just a job, it's your life's work and your legacy, and Herrick treats it as such.

Family businesses turn to Herrick for help in management and succession issues, organizing and operating family foundations and trusts, and related personal matters such as estate planning. At Herrick, you'll get a personal approach not found in the larger firms. We have a big network of family-owned businesses as clients and friends, and you'll have the advantage of lessons learned by businesses that are similar to yours, as well as opportunities for joint venturing and investing.

Services for family-owned businesses

  • Business succession
  • Exit strategies such as ESOPs, management buyouts or public offerings
  • Managing family relationships, and the contracts and agreements that govern your business relationships
  • Real estate needs
  • Acquiring or investing in other businesses
  • Charitable trusts and family foundations
  • Litigation and arbitration
  • Safeguarding trade secrets and intellectual property rights
  • Acquisition and sales of trademarks or licenses
  • Formation of trusts, family limited partnerships, limited liability company or S corporations
  • Employee manuals and policies