Find Lawyers in Mississippi, United States for Closely Held Companies and Family Businesses Law
Practice Area Overview
Depending on the jurisdiction, closely held company law may differ significantly from the law of the same jurisdiction that is applicable to corporations and other enterprises that are publicly held. For example, in many jurisdictions owners in closely held companies are subject to heightened fiduciary duties to one another, which may preclude structural actions or transactions that would be permissible in the public company sphere. On the other hand, closely held companies are free from many of the disclosure and other regulations that constrain publicly held enterprises in their activities. This is true even when the closely held company is of equal size as a publicly held participant in the same industry. Practitioners in this area must be experts in recognizing these legal and regulatory differences and also be aware of the alternative governance frameworks available in other jurisdictions.
The key challenge in family business law is to structure an environment in which familial goals and interests and enterprise goals are mutually reinforcing. This requires empathy and creativity on the part of the practitioner, particularly the ability to translate essentially non-legal concepts such as stewardship into legal script, all in a tax-efficient manner.
Jamie G. Houston, III, was admitted to the Mississippi Bar in 1976. He has been admitted to practice in the United States Court of Appeals for the Fifth Circuit, the United States District Courts for the Northern and Southern Districts of Mississippi, and the United States Tax Court. His experience includes practice in corporate and business law, tax and estate planning and administration. Jamie is a Certified Public Accountant.
Clark C. Luke was admitted to the Mississippi Bar in 2011 and the Tennessee Bar in 2012 His primary areas of practice include estate planning and administration, taxation, corporate law, and domestic and family relations. During law school, Clark served as a member of the Moot Court Board. He has an LL.M. in Taxation and is a Certified Public Accountant.
Robert Van Uden is a Member and Manager of Stubblefield, Yelverton & Van Uden, PLLC. Robert received his undergraduate degree in History from Louisiana State University in 1996, his Juris Doctorate degree from the University of Mississippi in 2000, his Chartered Life Underwriter designation (CLU®) from the American College in 2006, his LL.M. in Taxation with Distinction from the University of Alabama in 2010, and is a graduate of the Southern Trust School. Robert is a member of the Mi...
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