Leave a Legacy:Business Succession
Planning for a Smooth Transition
Thinking about retirement soon? Enlisting an experienced business succession attorney will help you plan for that time, putting you and your business in the best position for a profitable, smooth transition.
Elements of a Successful Plan
It’s critical to determine what will happen if, and when, you’re no longer able to run your business.
An essential funding consideration to help keep the business and your family afloat, should unexpected or unforeseen events alter your succession plans.
Retirement and Estate Planning
A comprehensive retirement plan typically includes tax-deferred investments (401ks, SIMPLE plans, etc.), after-tax savings vehicles, trusts, and all manner of assets designed to provide the greatest return on your hard work for future retirement.
Think about what it takes to run your business efficiently and effectively, and then identify someone to take it over who shares those personal qualities and traits. Choose wisely!
Develop a flexible, written timeline for when you’d like to retire and sell, close, or transition your company to a new owner.
Ready to Start Planning?
Our team of experienced attorneys is ready to help you and your business prepare for the future. Let’s get started with your complimentary initial consultation.