About Us

Closely Held Advisors

From startups taking their first steps to established companies preparing for ownership transitions, closely held business owners need sound advice on legal, financial and strategic issues that enhance the stability and value of their business. Our purpose is to bridge the gaps between business, law and effective management.

This practice area was founded by Jay McDaniel, a litigator and advisor closely held businesses for more than three decades. It is multi-disciplinary and rooted in comprehensive strategy and unwavering dedication to protecting and enhancing business value. Jay’s extensive expertise spans ownership structures, governance, risk management, business valuation, exit planning, and dispute resolution.

We also bring our relationships with other professionals into the practice practice to benefit our clients, from family business consultants and management advisors to merger and acquisition specialists. And we work with our clients’ existing network of professionals, including accountants, wealth planners, insurance specialists and their general business lawyers.

Comprehensive Expertise Beyond Litigation

While the litigation experience of Jay McDaniel is extensive, his practice extends far beyond the courtroom. As a Certified Valuation Analyst (CVA) and Certified Exit Planning Advisor (CEPA), Jay offers a combination of legal, financial, and strategic insights that allow business owners to make informed, impactful decisions. These certifications reflect a deep understanding of how to protect, grow, and transition businesses effectively.

Services Designed for Every Stage of Business Ownership

Our services are designed to address the needs of business owners at every stage of their journey:

1. Startup Guidance and Business Structuring
Starting a business is an exciting yet complex process. We help entrepreneurs choose the right legal structure, establish strong governance frameworks, and lay the foundation for long-term success. From LLC formations to shareholder agreements, our work ensures businesses are positioned to grow while avoiding common pitfalls.

2. Risk Management and Bulletproofing
Closely held businesses face unique risks, from internal disputes to unforeseen external events. Through proactive planning and risk mitigation strategies, we identify vulnerabilities in your business and implement solutions that protect your investment. Bulletproofing your business minimizes exposure to litigation, regulatory penalties, and operational disruptions.

3. Business Valuation and Value Enhancement
Understanding the true value of your business is essential, whether for sale, succession planning, or growth initiatives. As a CVA, Jay provides precise and reliable valuations tailored to your needs. Additionally, we work with business owners to enhance value by streamlining operations, optimizing governance, and positioning the company for future success.

4. Exit and Succession Planning
Transitioning ownership requires careful preparation. As a CEPA, Jay helps business owners design exit plans that maximize value and preserve legacy. Whether through a sale, transfer to family members, or succession within the business, our planning ensures a smooth transition aligned with your personal and professional goals.

5. Resolving Ownership Disputes
Disputes between partners, members, or shareholders can threaten the stability of a business. Our expertise in business divorce, dissociation, and resolution of minority shareholder oppression disputes provides business owners with practical solutions to resolve conflicts and move forward.

A Partner in Our Clients’ Business and Personal Success

Closely Held Advisors is committed to empowering business owners through practical advice, strategic foresight, and expertise gained by experience. By addressing the multiple facets of ownership, from inception to exit, we provide the clarity and confidence business owners need to make informed decisions.

Contact Us to Discuss How to Protect Your Business

Whether you are a startup or looking to wind down after building a successful business, or looking for help to maximize the value of your business, we are ready to work with you.

Contact Jay McDaniel today to schedule a consultation and learn how Closely Held Advisors can support your business goals.