Closely-Held / Family Businesses
As a closely held or family business owner, you are subject to unique challenges. As in most businesses, your ultimate success is impacted by the choices you make. Because your closely held or family owned business is your most important asset, its preservation and protection is a top priority.
At Stonehenge, we strive to understand the complexity of your situation, and we have the experience and resources necessary to provide personalized support in multiple areas of your business. Whether you’re just getting started, or are already established and successful, our team of experts can help your business reach its full potential.
Our specialized services for closely-held and family business owners include:
General ledger and financial statement preparation
Federal, state and local tax preparation and planning
Auditing and accounting
Controllership services
Expense reduction analysis
Technology and accounting systems implementation
Business succession planning
Business valuation
Benchmarking/trend analysis
Estate and gift tax planning
Internal control design
Family Businesses:
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 Stonehenge 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.
We’ve advised 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.