Darryl V. Pratt, Esq., CPA

About

Darryl V. Pratt is an attorney and CPA with nearly 30 years of practice advising entrepreneurs, business owners, professionals, high-net-worth individuals, and families. His practice focuses on business planning, mergers and acquisitions, business succession planning, estate planning, trusts, probate, asset protection, and financial restructuring. He brings a combined legal, tax, and business advisory perspective to help clients build, protect, transition, recover, and preserve their businesses, wealth, and legacy.

Credentials

• Juris Doctor (J.D.)
• Certified Public Accountant (CPA)
• Licensed to practice law in Texas and Oklahoma
• Licensed to practice accounting in Texas and Oklahoma

Areas of focus

• Business planning
• Business formation
• Mergers and acquisitions
• Business succession planning
• Estate planning
• Revocable trusts
• Probate
• Trust administration
• Asset protection
• Chapter 7 bankruptcy
• Chapter 11 bankruptcy
• Financial restructuring

Representative matters

Anonymized examples of engagement types. Specific outcomes vary — no past result is a guarantee of a future result.

• M&A / Physician transactions

  Represented Texas physicians and physician groups in the sale, acquisition, and equity-partnership structuring of medical practices — including due diligence, asset vs. stock deal analysis, and post-closing employment agreements.

• Business succession

  Designed multi-generational succession plans for Texas closely-held businesses — buy-sell agreements, key-person insurance funding, S-corp vs. LLC structural review, and coordination with the owner's estate plan.

• Complex estate planning

  Built federal-exemption-level estate plans combining revocable trusts, irrevocable life insurance trusts (ILITs), and generation-skipping structures for high-net-worth Texas families with operating businesses and real estate.

• Asset protection

  Coordinated Texas homestead, retirement, and business-entity protections for professionals in high-liability specialties (medicine, real estate development, oil & gas) — layered LLC / limited-partnership planning with formal governance.

• Financial restructuring

  Advised entrepreneurs and closely-held companies through Chapter 11 restructurings and out-of-court workouts — coordinating with lenders, tax counsel, and business succession planning to preserve legacy value.