Business Succession Planning
Business succession is an important aspect of business and estate planning. Unfortunately, many companies fail to plan for the future. At Drake Loeb PLLC, our attorneys counsel their clients to consider these questions early on and plan all aspects of business succession in the event of retirement, death or divorce, a change in the business or business sale. They will guide you in considering the various advantages and disadvantages in options relating to business succession including estate and tax planning, insurance issues, drafting buy-sell agreements, succession agreements, charitable trusts, business reorganization and much more. When the time has come to implement the succession plan, we can assist you or your estate with transferring the business or shares to family members or heirs, and handling all aspects of a sale, handling the buyout of co-owners or partners.
If you are a business owner who has not considered succession issues for your business, we invite you to contact us today to get started on your plan.