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Family-Owned Businesses have been the drivers of our economy for a long time.  We understand the significance of the family business structure, as well as the day-in, day-out efforts that have made an economic impact on both your local and the national community.

We understand you and the importance of your contribution:

• The greatest part of America’s wealth lies with family-owned businesses.  Family firms comprise 80% to 90% of all business enterprises in North America.
• Family-Owned Businesses contribute 64% of the GDP and employ 62% of the U.S. workforce.
• More than 30% of all Family-Owned Businesses survive into the second generation. Twelve percent will still be viable into the third generation, with 3% of all family businesses operation at the fourth-generation level and beyond.
• 34% of family firms expect the next CEO to be a woman. 

 

At SingerLewak, Family-Owned Businesses have been at the core of our business since the firm’s inception in 1959. We understand your unique goals, enterprise needs and the hard work that go into the growth, sustenance and succession of your business.  We understand the inter-relationships between the Goals of the Family, the Owner and the Business.  Any one of these may impact the others in a significant way.  We represent this with our FAMILY BUSINESS GOALS MODEL:

 

Over the years, we have developed an expertise in family businesses that is unmatched in our community. We understand the inter-relationships between the Goals of the Family, the Owner and the Business.  Any one of these may impact the others in a significant way. Indeed, the goals of the business are often times determined and driven by the goals of the owners and the owners’ family.  We represent this with our

 

FAMILY BUSINESS GOALS MODEL:

 

The Goals of the Family-Owned Business, its Owners and the Owners’ Family change as the business progresses. As the business matures and changes, the needs that the family has of its Accounting and Tax service provider also change.  We characterize this progression as follows:

We have the Skills You Need For All Phases of Your Business’s Progression:

 

• Start-up services, including Choice of Entity and Business Structuring Services
• Integrated Family and Business Tax Planning and Preparation
• Assistance with Capital Formation and Negotiating with Financial Institutions
• 3-Tiered Back-Office Accounting Services (re: B.O.X.)
• Assistance with Advisory Boards and Strategic Planning
• I.T. and Systems decision making at all phases of your business’s
• Network Administration
• Audits, Reviews and Compilations
• CFO and Outsourced Finance Solutions
• State and Local Tax Planning (S.A.L.T.)
• Multi-national Tax Planning
• Succession and Estate Planning
• Deal Structuring and Tax Planning for a Sale of the Business

 

Managing the family business is a continuous and dynamic cycle, requiring the family to continually evaluate its goals, competencies and strategies, including:

• Business Strategies
• Wealth and Financial management strategies
• Tax strategies
• Family succession strategies

The process of determining, executing on and re-assessing these strategies is on-going and often informal.  We understand how you operate and are uniquely able to assist you as you build and execute these strategies in pursuit of your goals.