Practice Groups →Corporate & Transactional
Business Succession Planning
What happens to your business when you are ready to step back, retire or if something unexpected happens to you?
Most business owners do not have a clear answer to that question, and that is exactly the problem. Without a plan, you risk losing the value you have spent years building, leaving your family with a complicated situation to sort out or having the business transition in a way you never intended.
Common situations we help clients with:
A business owner who wants to transfer ownership to a key employee or management team but does not know how to structure it
A family business where the next generation is ready to take over and needs a formal transition plan and buy-sell agreement to make it happen smoothly
A sole owner who wants a contingency plan in place in case something unexpected happens and they become unable to run the company
An owner who is starting to think about retirement and wants to understand their options for an eventual sale, transfer or wind-down
A business owner who has heard about employee stock ownership plans as a succession vehicle and wants to understand whether an ESOP makes sense for their situation and how to get started
We work with clients, and where helpful, their financial advisors and accountants, to build practical succession plans that align with their personal and financial goals. Our corporate and tax practices work together to make sure the plan is structured in a way that protects the value you have worked hard to create.
Predictable options begin with a conversation.
Tell us what is in front of you. We will help you understand your options and what each one involves.