Business and Taxation

Businesses come in all shapes and sizes, and so do the legal needs associated with them. Whether you need counsel regarding general business matters or complex transactional issues, our team of attorneys is ready to assist you with individualized, innovative counsel. Our business practice encompasses securities, finance, commercial and secured transactions, real estate and land use, tax, health care, banking, and financial, retirement and estate planning matters.

Tax considerations drive many business decisions, and with the increasing complexity of the tax code we know how important it is to have someone on your team with experience in that area. Our clients rely on us to protect them from unnecessary tax exposure, inform them about tax and regulatory changes and support business growth while watching for potential risks and rewards.

At DurretteCrump, we’ve built our business around helping your business. Whether you’re an individual business owner; small, medium or Fortune 500 company; investment group; financial institution; non-profit organization or governmental entity, our attorneys know how to take your business from idea to implementation while addressing your local, regional, national or international concerns. We understand your needs because we’ve been there — prior to joining the firm our attorneys worked as a practicing CPA, vice president of a regional healthcare provider, federal tax guru at a Fortune 500 company, executive director of a non-profit agency with more than 200 employees, and commercial real estate executive. Collectively the attorneys in our business practice have more than 50 years of experience in the business arena, including two individuals with graduate degrees in taxation.

Bev Crump is the Chairman of the Business & Taxation Group.

PRACTICE AREA EXPERIENCE

Our attorneys regularly advise and represent clients on a variety of business matters including:

  • Organization and entity selection
  • Business transactions
  • Mergers and acquisitions
  • Partnerships, limited partnerships and limited liability companies
  • Tax matters
  • Corporate finance
  • Commercial and financing transactions
  • Real estate and land use law
  • Securities
  • Financial and estate planning
  • Tax-exempt organizations
  • Retirement plans

INDUSTRY EXPERIENCE

DurretteCrump’s attorneys have represented clients in a variety of complex and challenging transactions including:

  • Sale of regional chain of convenience stores
  • Sale of growing subcontractor to private equity fund
  • Reorganization of software sales and consulting company to accommodateminority investment by leading international investment bank
  • Tax-free exchange of manufacturing facilities
  • Syndication of private equity investments
  • Private offerings of exempt securities
  • Development of software licensing and consulting contracts
  • Development of dealer and agency agreements
  • Acquisition of multi-state enzyme manufacturer
  • Structuring and recapitalization of various privately-held companies
  • Trademark registrations
  • Acquisition of assets of multi-state construction company
  • Sale of computer software development company to Fortune 500 company
  • Purchase of a West Coast computer software business
  • Acquisition of an automobile parts manufacturing company
  • Financing of $530 million power plant in Hanover County, Virginia for international lending institution, serving as local counsel
  • Leveraged buy-out of manufacturing company with annual sales of approximately $700 million serving as local counsel
  • Structured tax-advantaged reorganization of real estate developer in complex acquisition and refinancing of numerous real estate limited partnerships and Limited liability companies
  • Formed physician group and assisted in the sale of securities by group to 600 physicians
  • Represented private auto parts manufacturer in acquisition by public company with acquired owners becoming largest shareholders, president and chairman of surviving company
  • Partnership reorganization acquisition and conduit financing of a group of shopping centers
  • Merger of two broadcasting companies
  • Joint venture combinations of two industrial machine tool manufacturers
  • Buyer and seller representation in sale of numerous businesses, including radio stations, drug stores, marketing company, professional service companies, publishing company and bio-tech company
  • Commercial real estate transactions as lending institution counsel
  • General counsel to numerous locally-owned businesses
  • Estate plan preparation for high net worth individuals to pass on privately-held business to succeeding generation with a minimum of adverse tax consequences
  • Assistance with formation, development and acquisition of a chain of health stores with subsequent sale to strategic purchaser
  • Representation of management in founding of holding company involved in national roll up of luxury travel entities
  • Assistance with acquisition and sale of marinas
  • Representation of sellers of national beverage company to strategic buyer
  • Representation of sellers of frozen dessert manufacturer to strategic buyer
  • Representation of growing regional construction company in strategic acquisitions
  • Representation of operating entity in merger of public company with foreign holding company
  •  Representation of private paper company in sale of assets to public company

Representative Clients & Services

The firm has represented its clients in a variety of complex and challenging transactions including:

  • SALE OF REGIONAL CHAIN of convenience stores
  • SALE OF GROWING SUBCONTRACTOR to private equity fund
  • REORGANIZATION OF SOFTWARE SALES AND CONSULTING COMPANY to accommodate minority investment by leading international investment bank
  • TAX FREE EXCHANGE of manufacturing facilities
  • SYNDICATION of private equity investments
  • PRIVATE OFFERINGS of exempt securities
  • DEVELOPMENT of software licensing and consulting contracts
  • DEVELOPMENT of dealer and agency agreements
  • ACQUISITION of multi-state enzyme manufacturer
  • STRUCTURING AND RECAPITALIZATION of various privately held companies
  • TRADEMARK registrations
  • ACQUISITION OF ASSETS of multi-state construction company
  • SALE OF A COMPUTER SOFTWARE DEVELOPMENT COMPANY to Fortune 500 company
  • PURCHASE of a west coast computer software business
  • ACQUISITION of an automobile parts manufacturing company
  • FINANCING OF $530,000,000 POWER PLANT in Hanover County, Virginia for international lending institution, serving as local counsel
  • LEVERAGED BUY-OUT OF MANUFACTURING COMPANY with annual sales of approximately $700,000,000, serving as local counsel
  • STRUCTURED TAX-ADVANTAGED REORGANIZATION of real estate developer in complex acquisition and refinancing of numerous real estate limited partnerships and limited liability companies
  • FORMED PHYSICIAN GROUP and assisted in the sale of securities by that group to 600 physicians
  • REPRESENTED PRIVATE AUTO PARTS MANUFACTURER in acquisition by public company with acquired owners becoming largest shareholders, president, and chairman of surviving company
  • PARTNERSHIP REORGANIZATION ACQUISITION and conduit financing of a group of shopping centers
  • MERGER of two broadcasting companies
  • JOINT VENTURE COMBINATIONS of two industrial machine tool manufacturers
  • BUYER AND SELLER REPRESENTATION in the sale of numerous businesses, including radio stations, drug stores, marketing company, professional service companies, publishing company and bio-tech company
  • COMMERCIAL REAL ESTATE TRANSACTIONS as lending institution counsel
  • GENERAL COUNSEL to numerous locally-owned businesses
  • ESTATE PLAN PREPARATION for high net worth individuals to pass on privately held business to succeeding generation with a minimum of adverse tax consequences
  • ASSISTANCE WITH FORMATION, DEVELOPMENT, AND ACQUISITION of chain of retail health stores with subsequent sale to strategic purchaser
  • REPRESENTATION OF MANAGEMENT in founding of holding company involved in national roll up of luxury travel entities
  • ASSISTANCE WITH ACQUISITION and sale of marinas
  • REPRESENTATION OF SELLERS OF NATIONAL BEVERAGE COMPANY to strategic buyer
  • REPRESENTATION OF SELLERS OF FROZEN DESSERT
  • MANUFACTURER to strategic buyer
  • REPRESENTATION OF GROWING REGIONAL CONSTRUCTION
  • COMPANY in strategic acquisitions
  • REPRESENTATION OF OPERATING ENTITY IN MERGER of public company with foreign holding company
  • REPRESENTATION OF PRIVATE PAPER COMPANY in sale of assets to public company