Richmond’s economy blends a strong professional services sector with energy, government-adjacent industries, and a growing entrepreneurial ecosystem. The city’s strategic location in the Mid-Atlantic region, favorable tax environment, and expanding infrastructure create an ideal environment for businesses focused on regional consolidation, succession planning, or capital raising. However, complex multi-jurisdictional tax rules and evolving regulatory frameworks require deliberate planning to protect growth and exit value.

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Notable employers such as Dominion Energy, Genworth Financial, and CarMax underscore Richmond’s diverse industrial base. The professional services sector, including legal, consulting, and accounting firms, continues to grow rapidly, contributing to an active M&A market driven by both strategic and financial buyers. Succession transitions in family-owned or founder-led businesses are particularly common, highlighting the need for tax-savvy exit structures and operational continuity planning.

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Halston Corbin provides Richmond businesses with comprehensive advisory services that integrate tax-efficient transaction structuring, succession planning, and valuation enhancement. Our experts develop tailored strategies that minimize tax leakage, preserve after-tax proceeds, and ensure seamless ownership transitions. Whether positioning for sale or preparing for intergenerational transfer, our Richmond team delivers the insights and financial rigor necessary to safeguard long-term business value.