Andrew Steen

Andrew Steen

Davis Wright Tremaine LLP

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Financial Statements for the Family Business: What is “Assurance” and How Much Do You Need?

Your family-owned business is growing and growing. In fact, you’re concerned it is outpacing the quality and rigor of your financial and accounting bookkeeping. At an industry event, a colleague asks if you have audited...more

4/20/2015

Deferred Payments and Earnouts – A Potential Source of Family Discord

Let’s assume you are selling the family business. In order to get the best terms and price, you may not be able to negotiate the full purchase price in cash up front. More likely, some portion of the purchase price will be...more

9/24/2014 - Family Businesses Sale of Assets

Does “Hobby Lobby” Apply to My Family Business?

On Monday, June 30, 2014, the United States Supreme Court ruled that “closely-held” for-profit companies could be exempt from the Affordable Care Act (“ACA”) requirement to offer birth control coverage to their employees. As...more

7/17/2014 - Affordable Care Act Burwell v Hobby Lobby Closely Held Businesses Contraceptive Coverage Mandate Contraceptives Employer Liability Issues Employer Mandates Family Businesses Hobby Lobby Religious Freedom Restoration Act SCOTUS

Family-Owned Business IPO?

A family business does not go public. Going public and sharing ownership with the rest of the world is the opposite of what a family business is striving to do. But the Modesto Bee reported earlier this week that...more

5/15/2014 - Choice of Entity Family Businesses IPO Small Business

What is Family Business Law?

Family business law is not a substantive specialty like mergers and acquisitions, securities laws, trusts and estates or federal tax. In fact, a good family business lawyer will probably identify first and foremost as a...more

3/7/2014

Keeping Ownership in the Family

As a family enterprise, your business runs best if it is owned and managed by the family. So it is in everyone’s interest to make sure no family member can transfer ownership outside of the family. To do this (and do it...more

2/27/2014 - Buy-Sell Agreements Capital Gains Family Businesses Right of FIrst Refusal Shareholders' Agreements

Leading the Family

Selling or transitioning a family business can be a daunting task – especially for those individuals trying to lead the process on behalf of their family. The challenges can result from the multiple owners and stake-holders...more

2/11/2014 - Family Businesses

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