Charitable Planning for Business Exits
Charitable Planning for Business Exits explores strategies for integrating philanthropy into liquidity events such as the sale, recapitalization, or IPO of a closely held business. The focus is on how business owners can use tools like donor-advised funds, charitable remainder and lead trusts, private foundations, and other vehicles to reduce income and capital gains tax, achieve long-term charitable goals, and preserve family or corporate values during a transition. The session also highlights advanced options, including purpose trusts, for founders seeking mission continuity alongside tax efficiency.
Hobie Hotard counsels high net worth individuals, families, and closely held businesses on estate and trust planning, business succession planning, tax compliance, and the potential impact of new and emerging tax legislation.
Hobie works with clients to prepare wills, trusts, powers of attorney, and marital property agreements. He also works with clients in succession matters and advises them on preparation of federal gift and estate tax returns.
Hobie understands the highly sensitive nature of business succession planning and helps clients identify their unique goals, negotiate parties' complex needs and interests, and navigate changes in control - all with the goal of preserving wealth and helping ensure business longevity. He also works with family offices and foundations to establish and administer charitable giving plans.
While in law school, in addition to clerking as a summer associate at Jones Walker, Hobie served as a judicial extern to the Honorable James L. Dennis of the US Court of Appeals for the Fifth Circuit. He also worked as an audit intern at the largest accounting and business advisory firm based in Louisiana. Hobie is a licensed certified public accountant in Louisiana.
