INTRODUCTION

DurretteCrump has assisted and counseled clients in a broad range of complex and challenging business, financial planning and transactional matters. The firm's business practice encompasses general business; securities; finance; commercial and secured transactions; Real Estate & Land Use; tax; financial, retirement and estate planning; and health care matters. In these areas, our clients include individuals; small, medium and Fortune 500 companies; local, regional, national and international concerns; entrepreneurs; investment groups; financial institutions; non-profit organizations; and governmental entities. Collectively, the three lawyers in the business practice group, two with graduate degrees in taxation, have over 50 years of experience in these areas.

At DurretteCrump , we know business first hand. Business and tax challenges come in all shapes and sizes, usually when least expected. But DurretteCrump is prepared to help you overcome those challenges.  That’s because we’re business people, too. In previous lives, our lawyers have been: a practicing CPA; vice president of a regional healthcare provider; a federal tax guru at a Fortune 500 company; executive director of a non-profit agency with more than 200 employees; and a commercial real estate executive. We’ve been there.

We know how to take your business from idea to implementation. We can help you create the appropriate vehicle to get you there, always with one experienced eye on potential risks and rewards. 

DurretteCrump has unusually deep practical experience with banks and banking, particularly in the areas of secured lending and bad loans, experience that you will find invaluable someday, if not sooner.

Tax considerations drive many business decisions; the ever-increasing complexity of the tax code is well known. But our clients can rely on us to protect them from unnecessary tax exposure because our tax lawyers know their stuff. And more and more often, government regulatory agencies promulgate regulations and rules that can trip up, confuse and discombobulate even the most vigilant businesses. So we keep our clients informed about tax and regulatory changes through newsletters, periodic legal checkups, articles on our website and by old-fashioned personal contact.

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

The firm regularly advises and represents clients on:

• 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 & Land Use Law
• Securities
• Financial and Estate Planning
• Tax-Exempt Organizations
• Retirement Plans

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