Closely Held Companies

We know every dollar counts when running a business. Our tax planning and compliance services are designed to help you minimize tax liabilities while complying with all federal, state, and local tax laws. We work closely with you throughout the year to anticipate tax obligations and seize opportunities for savings.

For closely held businesses, future planning is essential. Whether you are thinking about passing the business on to the next generation or preparing for a sale, our team can guide you through the process. We help you develop a succession plan that preserves your legacy while addressing tax implications and facilitating a smooth transition.

Choosing the right business structure is crucial for tax efficiency and asset protection. MGO offers advice on the best entity type for your business, whether it is a sole proprietorship, partnership, S corporation, or LLC. We help you understand the tax implications of each option and assist in setting up the structure that best supports your long-term objectives.

Family-owned businesses face unique challenges — from governance issues to intergenerational wealth transfer. Our advisory services focus on fostering business growth while maintaining family harmony. We assist with everything from setting up family councils to addressing estate and gift tax planning, so your family business can thrive for generations to come.

Accurate financial records are the foundation of a successful business. Our bookkeeping and financial reporting services are tailored to the needs of your small business. We help you stay on top of your financials, making informed decisions easier and more efficient.

Small businesses often overlook valuable tax credits and incentives that can significantly reduce their tax burden. Our professionals help you identify and claim available credits — such as the Research and Development (R&D) Credit or energy-efficient property deductions — so you can take full advantage of every opportunity.

Dealing with the IRS can be intimidating for any business owner. Having experienced representation during an audit, tax dispute, or other issues with tax authorities is critical. MGO advocates on your behalf, working to resolve matters efficiently and favorably.