Practice Areas

Trusts, Estates and Elder Law

Tax Law

Corporate, Finance and Commercial Law

Business Succession and Exit Planning



Contact

Crisafulli Gorman, PC
Seven Pines Office Park
Building Three
8104 Cazenovia Road
Manlius, NY 13104


Descendants Ascending

Your legacy will live long after you’re gone, and a significant part of that legacy is your business.  What happens to your business when you’re no longer a part of it?  How can you ensure that your business survives your departure?  
Business transitions are stressful times for any business owner, whether a family business or otherwise, and involve complex issues of corporate governance, financing, taxation, asset protection, trusts and estates.  Crisafulli Gorman, PC is here to lead you through this process, so your future, and the future of your business, is well mapped out.  Specifically, we:
  • Assist you in determining the proper business structure to accommodate future changes in ownership and management;
  • Advise you in deciding on future ownership and management of your business, whether to internal purchasers, third-party purchasers, or family members;
  • Help you determine the most efficient method to transfer ownership and management of your business, via sale, merger, earn-outs, gift or bequest;
  • Counsel you in structuring the transfer of your business to achieve maximum tax benefits;
  • Draft and negotiate transaction documents, including:
    • Stock Purchase Agreements
    • Asset Purchase Agreements
    • Merger Agreements
    • Buy/Sell Agreements
    • Shareholder and Operating Agreements
    • Non-Compete Covenants
    • Consulting Agreements
    • Management Agreements
    • Transition Services Agreements
    • Stay Bonus Arrangements
  • Utilize trusts and Last Will and Testaments to:
      Protect business and personal assets from the costs of long-term care
    • Assist family members who, because of youth, disability, or poor decision making, are unable to own and manage business interests outright;
    • Reduce or eliminate capital gains, income, property, federal estate, and New York State estate taxes;
    • Shield business and personal assets from creditors through Delaware Trusts;
    • Guard against losing family business interests and personal assets due to divorce.
The combined expertise of the attorneys at Crisafulli Gorman, P.C. in business, trusts and estates and tax law renders our firm uniquely positioned to assist clients with business succession planning in a comprehensive, highly-effective manner.  Nobody lives forever, but your legacy can.  These are your descendants ascending.