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Our Successes

Below is just a sampling of some of the results we have achieved for our clients.  As you review these please understand that even if your case (or potential case) sounds similar to one of those listed below that each case is different. The results below are not necessarily indicative of the results of any other case.

 

$30,000,000 Business Restructured

Our client was a family real estate business held as a partnership. The family members were all married and did not want the spouses of each partner to take over if one of the partners died.

We created an LLC (Limited Liability Company) to protect the personal assets of each member from creditors and drafted a buy sell agreement which provided that upon the death of a partner the partner’s spouse could not own any part of the business, instead receiving a designated sum of money.

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$5,000,000 Property Saved

Our client owned several farms outside of the Chicagoland area which when purchased in 2005, at the peak of the market, having values in excess of 5,000,000. The client took a loan for half the value of the property (Approximately 2.500,000). The loan was an interest only loan and our client made every payment in due course. In 2008 the bank appraised the farmland and its value had decreased to 1.5 million.

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$100,000 Lien Negotiated

Our client had an outstanding obligation to the IRS in excess of 100,000.00 and he was in mortgage foreclosure. The client and his wife were professionals but the client has not earned enough money to pay himself and payroll taxes (hence the large debt to the IRS).

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$1,200,000 Tax Savings

Our clients’ were two brothers who were the sole shareholders of a corporation with their main manufacturing plant in China. Their concern was twofold. Preventing the spouse of either brother from becoming a partner (which would happen at death without an agreement) and how to fund the buy sell agreement to prevent such an occurrence. The value of business exceeded 5 million dollars but the bulk of the value was in the manufacturing facilities.

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