A lifetime of your work and dedication has gone into your family business. Generations before you may have helped build the business, and you wish that generations after you will benefit from these efforts. A successful inter-generational transfer of your family owned business requires an individualized strategy and a sensitive approach. Balancing continued growth and success of the business with the expectations of other stakeholders and family members requires the vision of experienced professional advisers.
Our lawyers help business owners develop succession plans for the future transfers of their closely-held businesses. We work with each client to determine their unique goals, objectives, and timelines. We develop strategies and implement plans to address ownership, control, management, key employees, family dynamics, and taxes. Whether you plan for your business to stay in the family for generations or you are already preparing to sell your business, a thoughtfully developed business succession plan will help you achieve your goals.
We often act as advisors to family councils designed or established to promote effective communication to and with two or more generations of entrepreneurs. We team-up our corporate advisors with our estate and tax planning professionals to ensure fairness, efficiency, business success and family harmony.