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Thomas B. Eriksen

Shareholder
 
Practice Areas
  • Mergers, Acquisitions, & Transactions
  • Succession Planning
  • Corporate Formation & Corporate Governance
  • Tax Strategies & Dispute Resolution
  • Executive Compensation
  • Banking & Finance Law
  • Employment, Labor, & ERISA

About

Thomas B. ("Brad") Eriksen represents business and corporate clients in all aspects of business operations, from choice of entity and capitalization decisions to operational issues, to growth, exit, and transition strategies. Brad serves as general counsel to a variety of closely held businesses in the design, development, and construction industries. Business transactions, including acquisition and sale of businesses, capitalization and organizational structuring, and succession planning for business owners and senior management, are a substantial part of Brad's practice.  Brad's closely held business clients include design professionals, residential and commercial developers, contractors, subcontractors, and suppliers. His practice also includes executive and deferred compensation planning for nonprofit entities such as credit unions and governmental entities. 

Business Organization

Brad advises clients regarding the business entities that are available to address a variety of organizational needs. Brad advises clients and structures and capitalizes many new business organizations to enable them to grow and succeed, including issues regarding:

  • Capital and tax structuring
  • Equity financing from private and institutional sources
  • Debt financing
  • Leveraged and bootstrap acquisitions
  • Choosing business entities to suit the unique needs of each business, including:
    • Limited liability companies
    • Limited liability partnerships
    • C corporations
    • S corporations
    • Professional corporations

Each type of business entity has different liability and tax benefits and burdens. Brad helps business owners choose the appropriate entity to suit their needs, now and for the future.

Business Planning

Brad advises business clients in many areas of business planning, including:

  • Buy-sell agreements
  • Incentive stock options
  • Nonqualified stock options and grants
  • Stock appreciation rights (phantom stock)
  • Stock bonus plans
  • Deferred compensation plans
  • Employment agreements
  • Independent contractor agreements
  • Distributor agreements

Business Sales and Acquisitions

Brad represents and advises many individuals and entities in the sale or acquisition of businesses or their assets, including:

  • Negotiating terms and conditions
  • Performing due diligence
  • Structuring the acquisition
  • Financing the acquisition
  • Planning for contingent liabilities
  • Retaining key employees

Transactions can be structured to take advantage of tax and legal benefits. Such transactions involve a cooperative effort among the client's professional advisors. Brad works with tax advisors to structure a variety of tax-advantaged transactions.

Business Succession Planning

Succession planning is the art of structuring, documenting and implementing the transition of the ownership, control and value of your business.

Business owners need an exit strategy that will enable them to leave the operations or ownership of the business to others, whether through sale or transfer to other owners or employees. Brad structures and negotiates the sale or transition of many businesses and coordinates the transaction with other professional advisors in order to minimize tax liability.

Employee Benefits and ERISA

Brad advises clients regarding employee benefits, including deferred compensation and qualified retirement plans. He has assisted nonprofit entities, such as credit unions and governmental entities, in designing and implementing deferred compensation plans for senior management.

Education & Admissions

Education:
  • B.S. Political Science, Oregon State University, 1979
  • M.B.A., Willamette University, Atkinson Graduate School of Management, 1984
  • J.D., Willamette University College of Law, 1984
  • Adjunct Professor, Clark College, 1992-1995
Admissions:
  • State of Oregon
  • State of Washington
  • U.S. District Court, District of Oregon
  • U.S. Tax Court

Certifications

Memberships & Activities

Memberships:
  • Evergreen Habitat for Humanity, Past Treasurer
  • Clark County Bar Association
  • Construction Financial Management Association
  • Greater Clark County Rotary Club, Past President 
  • Oregon Entrepreneurs Forum
  • Clark County Rotary Foundation, Past President

Awards and Honors

Publications

  • "Operating Legally," Score (SBA) Annual Resource Guide, 1998, 1999, 2000, 2001
  • "Selling Your Company: Issues to Consider," Vancouver Business Journal

Articles

Presentations

  • "Exit Planning: A Case Study on When and How," Webinar, American Council of Engineering Companies, February 2019
  • "Time is Money: A Succession Planning Guide," Jordan Ramis and Leo MacLeod Breakfast Seminar, April 2018
  • "Succession Planning," Asphalt Paving Association of Oregon, December, 2017
  • "Succession Planning," Oregon Association of Nurseries, November 2017

Practice Overview

Practice Areas

Matter Examples

Case Studies

Client Raves

"Brad’s experience runs deep. Because he has already seen or handled so many of the things we have faced, and has handled legal issues for others in our same industry, he is able to bring a different and valued perspective to our boardroom table when matters come up. He is a trusted and respected partner for our business."
— Managing Principal, Consulting Firm