David J. Ritter, Jr. focuses his practice in the following areas: estate planning, estate administration, corporate organization, corporate transactions, commercial loans, and healthcare.
David is knowledgeable in preparing wills, revocable trusts, living wills, powers of attorney, and healthcare agent designations. He advises clients on the many ways to structure these documents, including creating trusts to hold assets for the benefit of children or loved ones, and establishing an estate plan that achieves client objectives while minimizing tax consequences. David also reviews non-probate assets that will not pass pursuant to a will to ensure that an estate plan is properly coordinated.
In this role, David handles estate planning for clients who own property with a nominal value as well as for clients who have a net worth in the hundreds of millions and in between. Regardless of the amount of assets, David helps clients create estate plans that effectively address their personal situations and, ultimately, meet their future goals.
David also facilitates all aspects of estate administration and guides clients through the process of probating their will, implementing their estate plan, and filing any necessary tax returns.
In the area of corporate formation, David advises clients with respect to the best type of business entity (partnership, limited liability company, or corporation, as well as any related tax elections), and can create the entity and prepare the governing documents. He also prepares, reviews, and negotiates other agreements or contracts that are necessary for the business.
David also helps clients sell their business and acquire an existing business, including advising on the best structure for a sale or acquisition (based on liability, tax consequences, and other factors). He can negotiate the terms of the transaction and the preparation, review, and negotiation of all necessary documents. David has worked on sales of businesses (or percentages of a business) with purchase prices ranging from $20,000 to over $30 million.
David has performed organizational and transactional services for businesses in various different industries, including the heavily regulated healthcare industry. He is familiar with many of the unique issues often involved in organizing, selling, or acquiring a business in the healthcare industry and works to ensure that all such items are dealt with properly, including acquiring necessary licenses or filing notices and applications with the Department of Health. Additionally, David helps clients acquire loans for their business, including reviewing and negotiating the loan documents with the lender.