David Stiefel (center), director of Bader Martin's closely held and family business practice, with fellow principals Chris Strand and Rodney Fujita

Family Business

Some might say that your company is just another business. But it's not. Aside from the fact that it's yours, it's not typical because, as a family-owned company, it's much more than a by-the-numbers operation.

Each family business is actually a sophisticated blend of financial and business practices, along with the personal relationships that exist among its owners, executives, investors, trusted advisors and family members. That means it's driven by forces not covered in the standard business curriculum, such as the interpersonal and family matters that rarely impact more widely held companies.

We get that. It's a large part of why we're so passionate about our work with private family-owned companies.

At Bader Martin you'll find the accounting, tax, financial reporting and business advisory services that most companies need, as well as insight into the nuances of your industry or niche.

But just as important, you'll also find expertise to assist you with the unique challenges that come from managing the impact of personal, investor and family concerns in such areas as governance, transition and succession planning, executive and family compensation, philanthropy, strategic planning, and retirement and estate planning.

Our professionals have that rare combination of experience and expertise necessary to hit the ground running for you. The majority of our principals have national-firm experience—eleven years, on average—and many have advanced degrees. Others have specialized professional credentials or have served as CFOs and senior executives in family, private and venture-backed companies.

For nearly 90 years, we've advised the region's family businesses. We've helped them to navigate booming economies and difficult economic times, and assisted them with successful exit strategies and anticipated transitions—including serving some through three and four generations of family ownership.

Family Business Services
As a Bader Martin client, you'll benefit from services in the following categories:
Succession Planning, Exit Planning and Transitions
  • Helping multi-generational families navigate the dynamics of ownership and management succession
  • Family governance consulting
  • Goal setting and evaluation of alternatives, including consideration of multi-generational, familial and cultural issues
  • Planning for the income, estate and gift tax consequences of a transfer in ownership
  • Family wealth transfer vehicles, including family LLCs, family limited partnerships and trusts
  • Business coaching
  • Mergers, acquisitions and dispositions
  • Family offices
  • Joint ventures
  • Buy/sell agreements
  • Liquidity analysis
  • Due diligence
  • Coordination among members of the advisor team
Business Advisory Services
  • Business structuring and choice of entity consulting—including tax, risk, family, legal, location and business considerations
  • Growth strategies
  • Compensation, stock options, bonuses and fringe benefits, including consideration of family and nonfamily issues
  • Retirement plan structuring
  • Operational analysis and process improvement
  • Governance consulting and board development
  • Industry benchmarking
  • General business consulting and business coaching
  • HR consulting: assistance with personnel searches
Capitalization and Financing
  • Equity structuring and classes of equity
  • Private equity funding
  • Relationships with banks, lenders and other sources of financing
  • Debt versus equity decisions
  • Financial restructuring
  • Recapitalization and reorganization consulting
  • Loan negotiations, loan reviews and analysis of loan alternatives
  • Fixed asset financing and lease versus purchase decisions
Accounting and Assurance
  • Financial statement audits, reviews and compilations
  • Operational, performance and best practices audits
  • Audits of qualified and nonqualified benefit plans
  • Accounting and bookkeeping services
  • Analysis and enhancement of internal controls
  • Financial analysis and modeling
  • Budgeting and cash flow analysis
  • Chart of accounts design
  • Development of internal and external reporting processes and designs
  • Due diligence
  • Agreed upon procedures
  • Staff and board training on accounting, business and financial topics
Tax Compliance and Consulting
  • Tax return preparation for federal, state and multi-state, local and international jurisdictions—including income, excise, sales and use, personal property and payroll tax returns
  • Tax nexus consulting
  • Tax planning with a focus on integrating personal and business considerations
  • Transaction planning and structuring to minimize tax consequences
  • Efficient use of tax credits, exemptions and incentives
  • Tax accounting and tax provisions
  • Cost segregation consulting
  • Cash versus accrual considerations
  • Inventory methods
  • Year-end selection and planning
  • Impact of legislative and regulatory developments
  • Tax examinations and tax controversy representation
  • Insolvency consulting
Advisory Services for Owners and Executives
  • Personal CFO services
  • Compensation, bonuses and fringe benefits consulting
  • Education funding
  • Retirement planning
  • Legacy and estate planning
  • Wealth planning
  • Coaching and mentoring
Bader Martin, P.S. Certified Public Accountants + Business Advisors