Business Succession Planning

“Begin with the end in mind,” says Stephen Covey in his book The Seven Habits of Highly Effective People. Those who have created a successful business know that it does not happen without planning, hard work, sacrifice, and a little luck. Yet many people have no exit plan for leaving their business to their heirs.

 

Proper business succession planning involves both estate planning and business law.  Our attorneys are experienced in both fields.  We help business owners plan for both known events like retirement, and unforseen events such as death or sudden disability. You want to leave your business to the right successors, with the amount of cash they need, while minimizing the risk of loss and taxes.

 

If you do not know the answer to any of the following questions, you need to contact us today to begin planning:

 

• How can I prepare my business for potential sale to a third party at maximum value?

• How can I transfer my business to my heirs or employees while minimizing taxes and enjoying maximum financial security?

• What will happen to my business if something unexpected happens to me?

• Who would be able to operate my business if I were incapacitated?