GoodBiz.Law represents Family Businesses and Family Offices. The founding generation’s vision and commitment creates wealth and opportunities. Successor generations have to find their own path either into the Family Business or outside of it. We can help your business discern the right course for growth, exit, or succession with the caring touch of an experienced advisor.
We want your Thanksgivings and weeknight dinner tables to be places of joy and family growth, not places to rehash business tensions.
The highest compliment a business owner can pay to us is to elevate our status from outsourced general counsel to the Family Business to trusted counselors in discussions about generational planning. When our founders invite us to the table with their spouses and young adult children, they expect and receive respect, clear communication, and thoughtful options. Your Family Business is in good hands during times of growth and in times of transition and exit.
We have decades of experience representing fathers and sons, mothers and daughters, fathers and daughters, and brother/sister group co-owners. In most situations, we also present solutions that allow equitable treatment for family members not involved in the day-to-day business operations.
Most Family Businesses and Family Offices need a high-functioning team of advisors with skills in financial management, estate planning, risk protection, and family office services. We can recommend experienced professionals who understand the unique dynamics of family business. And we can work with your existing advisors to coordinate and implement the business, tax, and risk management side of plans already in progress.
A Family Business becomes a Family Office when the investments diversify into recreational properties, real estate investments unrelated to the core business, and private investment. As your portfolio and legacy grow, your needs change. You may be redirecting the energy and resources you have after an exit into other ventures and need to figure out how to protect the core patrimony. You may be building new portfolios of legacy assets for the next generation. Or maybe you have a ranch in West Texas and need to know how to protect yourself from accidents and lawsuits.
Alicia Goodrow’s experience as counselor to foreign-owned businesses builds on her decades of experience with US Family Business and Family Office advisory work. Family Businesses with headquarters in Mexico, Brazil, or Australia have similar advisory needs in the US to other domestic companies. But the cultural and legal differences require extra skills. Alicia Goodrow’s book Pack Your Bags: A Guide for Global Companies Entering the US Market Amazon.com: Pack Your Bags: A Guide for Global Businesses Entering the U.S. Market eBook : Locheed Goodrow, Alicia , Homratsamy, Nikki, Tiller, Allan, L. Johnson, Scott , Weiner, Guillermo , Strohmeyer, John , Valle, Miguel, Balasubramanian, Archana, Cyprian, Laquita, Mitchell, Byron: Kindle Store shows her depth of experience addressing these special needs of foreign-owned Family Businesses and Family Offices.
Family Offices often need administrative support and specialized services like rental property management, bookkeeping, travel arrangements, and portfolio reporting. GoodBiz.Law also has the expertise to help you identify needs and the connections to help you fill them.
Alicia Locheed Goodrow is a Senior Fellow with the American Leadership Forum as a part of Class LX and specially trained in constructive dialogue and consensus building leadership.
Goodrow, Alicia. “5 Things You Need to Run a Highly Successful Family Business.” Authority Magazine, 21 Aug. 2023, https://medium.com/authority-magazine/alicia-goodrow-of-culhane-meadows-5-things-you-need-to-run-a-highly-successful-family-business-79a1b5aa06bb
