Business Succession Planning

Business SuccessionMost people are aware of the statistics about family owned business that are never passed on to second, let alone third, generations. As with any type of planning, the sooner one addresses business succession planning, the more options are available. Our experienced attorneys guide a family through an honest evaluation of the ability of second and third generations to work together for the overall benefit of the family business. Equally important is planning for the possibility that members of the family will decide, for any number of reasons, to separate in the future. Exit planning can ease the transition and minimize if not eliminate the animosity that often surfaces under these circumstances. In our experience, the counsel of our experienced attorneys helps to bring the process to a satisfactory conclusion in the best interest of all concerned.

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