Business Succession Planning

Most business owners know they will leave the company someday, but fewer have a plan for how. We help owners decide who will own and run the business next, and we put the legal and tax structure in place to get there, whether the successor is a family member, a group of key employees, or an outside buyer. Our work includes buy-sell agreements funded with life insurance, voting and nonvoting recapitalizations, gifts and sales of ownership interests to trusts, and preparation for a sale. The goal is a transition that keeps the business stable, treats family members fairly, and limits the tax cost.