Legal Question in Business Law in Maryland

Transfer of business from father to son

My father owns and operates a restaurant in Md. He is approaching 70 yrs. old, and has decided to transfer the business, including his 98% shareholdings of the stock. What is the legal ramification for a transfer of this sort?


Asked on 10/17/01, 4:20 pm

1 Answer from Attorneys
Robert Beatson, II Law Offices of Robert Beatson, II

Re: Transfer of business from father to son

Proper development and analysis of the facts and circumstances surrounding the legal organization of the business entity, including the different levels of investment by the members of the business entity, is critical to resolving this legal matter under MD law. An experienced business attorney should be able to handle this under MD law. Please note that my legal services are available only with a signed engagement agreement. If I can be of any help to you or people you know, give me a call as I would be pleased to provide legal support. Sincerely, Robert Beatson, II; 11-22-2001, 1:15 p.m. EST; Law Offices of Robert Beatson, II; 9818 Glynshire Way, Potomac, MD 20854; Tel/Fax 301-340-2951; email: [email protected]; website: www.beatsonlaw.com; Licensed to practice law in DC, MD, VA, and NY.

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Answered on 11/22/01, 1:22 pm


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