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Closely Held Businesses

Your business goals include increased profitability and improved cost-cutting measures. Councilor, Buchanan & Mitchell (CBM) has been helping business owners succeed for more than 100 years. 

One challenge facing the owners of closely held businesses is how to prioritize growth while facing time-consuming demands. Collaborating with an experienced accounting and advisory firm such as CBM removes provides a valuable solution. Our team members partner with you in the areas of tax planning, accounting and consulting, freeing up your time to focus on growing your business.

CBM has more than 100 years of experience helping S corporations, C corporations, LLCs and partnerships succeed. Our services are concentrated in five areas.

CBM specializes in overseeing the tax requirements facing most private entities. Our team prepares hundreds of IRS Tax Forms 1065 (U.S. Return of Partnership Income) and 1120 (U.S. Corporation Income Tax Return) for clients each year, as well as state returns from most states across the country. We work with business owners like you to complete K-1 forms to report earnings and losses for partnerships and S corporations, and ensure appropriate taxation in all jurisdictions where your brick-and-mortar or digital business operates.

A business’s financial operations and growth strategy are tied together. Whether you are setting up the first accounting system for your start-up, seeking bookkeeping support or the opportunity to leverage technologies to improve productivity and create efficiencies, or pursuing outsourced CFO-level or payroll support without hiring a full-time employee, CBM’s outsourced team is here to help.

Business owners require knowledge across multiple areas of finance and operations to make informed management decisions. CBM’s experienced team specializes in consulting across a wide range of complex and specialized transactions including business valuations, mergers and acquisitions, succession planning, buy-sell agreements and business restructuring. Click here to learn more about our full range of business consulting services.

While you, as a business owner, can feel confident knowing that CBM is providing high-quality services to your entity, our team also specializes in serving your personal tax, estate, retirement planning and wealth management needs. Consider the benefits of working with a single service provider such as CBM, which has the knowledge to care for your business as well as the personal financial future of you and your family.

Should you run into a disagreement with a co-owner, service provider or other key stakeholder for your business, you can rely on CBM. Our team includes forensic accountants, certified fraud examiners, litigation support specialiststrained expert witness professionals who support your position in a trial, and trained business dispute resolution professionals.


Although CBM works with a wide range of closely held businesses, we have specialized expertise working with auto dealerships, construction and real estate entities, family-owned businesses, government contractors and professional services groups including law firms, medical practices, and engineering, consulting and architectural firms.

Quick References for Businesses

CBM’s Quick References are high-level insights published by our tax, accounting and consulting professionals that focus on critical issues and concerns facing businesses. CBM is available to help you implement solutions that minimize risks and maximize new opportunities.

Click here to review CBM’s latest Quick References.

“Minding Your Family-Owned and Managed Business”

For decades, CBM has specialized in supporting the success of family-owned businesses. Family dynamics can both enhance and inhibit growth. Our tax and wealth management professionals are positioned to help you navigate these complex dynamics and offer sophisticated, experience-based estate, gift and tax planning expertise to promote wealth generation and preservation. In support of this area of our practice, the CBM compiled a series of strategies into a volume entitled “Minding Your Family-Owned and Managed Business”, which helps you and family members navigate the financial, operational and emotional challenges on your way to achieving desired business goals. Please contact us for a complimentary copy.

Business owners rely on CBM to look out for their interests. We would appreciate the opportunity to work with you, as well.

Contact Closely Held Businesses Team

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