Richard Kranitz is an experienced attorney and business consultant in the areas of corporate, securities and tax planning for corporations, partnerships, joint ventures, limited liability companies, multi-unit enterprises, and a variety of different non-profit entities. In addition, he has counseled their owners and executives in compensation planning, estate plans, and asset protection.
Richard Kranitz is a qualified representative of The Value Builder System, which assists a business owner who is looking toward retirement and anticipates selling his firm within the next 5 years. Value Builder representatives can coach and counsel the company on implementing a series of improvements to their business that will make it more attractive to a buyer and ultimately will attract better purchase offers at higher prices.
Among other things, we work to scale it up, develop sources of recurring revenue, systematize operations so that it is less dependent on the owner’s personal knowledge, contacts and service, and make it more resilient against downturns.
Noteworthy is Mr. Kranitz particular business expertise:
· Business Research and Analysis; Due Diligence Investigations
· Preparation and Evaluation of Strategic and Business Plans
· Problem Resolution – Dispute Resolution – Mediation
· Profit Improvement; Turnarounds; Reorganizations
· Writing, Speaking, Teaching, Training
Mr. Kranitz has more than 45 years of experience as counsel to businesses in various industries and non-profit organizations. He has served as a member of the executive team of more than 60 organizations during his career in a wide number of industries, including manufacturing, distribution and service firms, computer and biotechnology firms, financial services firms, manufacturers, hotels, restaurants and resorts. Firms he has worked with have ranged in size from raw startups to publicly trading firms with over $1 billion in assets. He has also performed services for more than 15 tax-exempt organizations under Sec. 501(c)(3) of the Internal Revenue Code, including both private foundations and public charities, including schools, museums, economic development organizations, and professional associations, and other types.
Office of Richard A. Kranitz, Esq.
101 Falls Road, Suite 601
Grafton, WI 53024
Mr. Kranitz received his Juris Doctor from the University of Wisconsin-Madison Law School in 1969.
Honors: Order of the Coif; Dean’s List
Teaching: Assistant Legal Writing Instructor (Teaching Assistant). For three semesters in my 2nd and 3rd year of Law School, he taught classes of 1st year students the principles of legal research and the writing of legal briefs and memoranda
Activities: Revision Editor, Student Bar Journal
Staff Member, Madison Legal Aid
Phi Alpha Delta, Legal Fraternity
Prior to law school, Mr. Kranitz received his Bachelor Degree in Political Science (minors in Economics and English) in 1966 from the University of Wisconsin-Milwaukee.
Activities during College:
Phi Kappa Phi, national academic honorary fraternity
Delta Tau Kappa, international social science honorary fraternity
Delta Sigma Rho - Tau Kappa Alpha, national forensic fraternity
Senior and Sophomore Honors
Debater and Public Speaker – Forensic Union (College Debate Society).
As a debater, he traveled throughout United States, competing in contest debate tournaments. He was also moderator of a monthly public discussion program with typical audiences of 100-200 persons. Programs were recorded for broadcast over a state-wide radio network, WUWM.
Since January 2015: Certified Business Coach with AdviCoach (see https://advicoach.com).
- Identifying goals for income, lifestyle, wealth and equity (what one wants from a business for oneself and family. This often sets the framework and priorities for the rest of your planning.
- Identifying and organizing short and long-term business goals and tactics, defining expectations and establishing key performance indicators will help align expectations for the organization to realize ultimate goals.
- Setting Key Performance Indicators (KPIs) to provide metrics for measuring business achievements.
- Emphasis on driving implementation of the plan to drive profits and growth consistent with owner objectives; continuous improvement; efficiency; solving personnel problems; and a variety of other topics.
- Also certified as Value Builder, which offers a systematic approach to building the value and ultimate salability of a business.
Rice Business Law (2017 to present)
Of Counsel to a boutique business law firm
Practice concentrates in representation of businesses and nonprofit entities, including purchase and sale of businesses, contract drafting; issues involving ownership, such as buy-sell, redemption, employment and consulting agreement; and executive estate planning, as well as formation, liquidation and combination of businesses in a variety of forms.
Kranitz & Philipp (January 1990 to August 2013)
Predecessor: Law Offices of Richard A Kranitz (1976 to 1989)
Practice concentrated on counseling business and non-profit organizations, and their owners and executives, dealing with an array of strategic and operational issues including:
- Formation and Liquidation of Organizations
- Mergers and Acquisitions, Spin-Offs and Liquidations
- Special Problems of Growth, Compensation and Finance
- Profit Improvement, Turn-around and Reorganization
Special focus in capital formation, with experience in representing companies conducting private placements and publicly registered offerings of securities, as well as broker-dealer firms, registered investment advisor firms, hedge funds, securitization pools and dealing with related regulatory compliance issues.
As a routine part of the practice, served as Director, Officer and adviser in over 60 businesses, and 15 non-profit entities of various types, serving as a member of the executive team of organizations in many industries and all stages of development from startups to mature firms.
Fretty & Kranitz (1982 to 1983)
To learn securities law, took on a one-year assignment in a law firm established to serve a real estate syndication firm and its captive broker dealer, assisting in the packaging and distribution of a number of privately placed tax advantaged programs and a few that were publicly registered. The firm focused on securities law, taxation, partnership and corporation law. We also represented a captive broker dealer firm, S-B-F Securities Co., a partly-owned subsidiary of St. Francis Savings & Loan.
Habush, Gillick, Habush, Davis, Murphy
Kraemer & Kranitz, s.c. (1977-1978)
Accepted an engagement to organize a separate profit center within the Habush firm, to service the needs of certain banks and savings and loans, primarily in connection with the evaluation and structuring of real estate joint ventures, legal aspects of problem loan workouts, and general consultation and litigation in the field of banking and savings and loan law; and general business law.
McKay, Martin & Kranitz (1973 to 1976)
General practice of law with emphasis on litigation, including breach of contract, civil fraud, real estate and employment cases; preparation of wills, incorporations, partnerships and contracts.
Reinhart, Boerner, Van Deuren & Norris, S.C. (1970 to 1973)
General practice of law, with emphasis on tax planning of business transactions, especially mergers & acquisitions; organizing, combining, and dissolving corporations, partnerships and joint ventures; planning of executive compensation; creating, dissolving tax exempt organizations; planning tax aspects of foreign transactions; contracts, general business law and investment standards for fiduciaries.
Honorable Myron L. Gordon (1969 to 1970), United States District Judge
Eastern District of Wisconsin. As law clerk, performed legal research and prepared legal memoranda on issues in pre-trial and post-trial motions, and attended trials. Judge Gordon had previously been a Wisconsin Supreme Court Justice, and also served by temporary appointment on a panel of the 7th Circuit Court of Appeals, where he performed legal research and drafted memoranda of law on issues in federal appeal cases.
Richard Kranitz has performed services organizing and qualifying around 20 organizations as exempt from federal taxation under IRC Sec. 501(c)(3), and served as a director and officer of around 15 nonprofit organizations. Several of those worked to promote the local economy, the local school system or public health, including:
- EDGE. (Economic Development for Grafton Enhancement, Inc. (6 years), a nonprofit organization promoting economic development in Grafton, Wisconsin. It operated a local industrial park among other functions.
- The Grafton Downtown Redevelopment Committee (6 years) promoted renovation and helped form a TIF district to promote development of the downtown area of the Village of Grafton, WI.
- Mental Health Associates of Ozaukee County, Inc. This organization helped promote mental health services in Ozaukee County.
- Grafton Education Foundation, Inc., an organization to support education projects in the Grafton school system. Assisted it to obtain its tax-exempt status and served on board of directors.
- Zaun Memorial Foundation, Inc. This organization supports civic improvement projects in the Village of Grafton and donates funds to many local area charitable groups. Past director and officer.
- World Affairs Council of Milwaukee. Served several terms as Chairman and Vice Chairman, and was a frequent panelist on its television program, World Affairs Forum, broadcast on Channel 12, Milwaukee. In that capacity, hosted meetings on the one hand among representatives of the U.S. State Department, ambassadors or ministers of various foreign countries, delegates from the United Nations, the European Common Market, or the U.S. Defense Department and on the other hand various groups and organizations in Milwaukee, the Board of Editors of the Milwaukee Journal, the host of a WTMJ Radio talk show; and various civic and educational groups and organizations in the Milwaukee metropolitan area.
- Winchester Academy. Served as an officer and board member of this nonprofit firm that provided supplemental education in liberal arts for high school seniors and college freshmen and sponsored adult education programs focused on the history of ethnic groups in Wisconsin's Fox River Valley area.
- Port Washington Sunken Treasures Maritime Museum, which promoted promoting Great Lakes history and operated a small museum of items retrieved by scuba divers from Great Lakes boats. Served as its legal counsel until it transferred its assets to the Milwaukee Public Museum.
- Patricia Stevens Career College a finishing school for college age ladies. Represented it in obtaining recognition as an organization exempt from taxation under Sec. 501(c)(3) of the Internal Revenue Code and served 16 years a Secretary to its Board of Directors.
LinkedIn Profile: https://www.linkedin.com/in/richard-kranitz-63684b
Attorney Profile: https://solomonlawguild.com/richard-a-kranitz-esq