Strategically Prepare For The Future Of Your Business
As a business owner, you likely value your venture as an important part of your legacy. You work hard to protect your business today, tomorrow and for years to come. However, the unexpected changes of life could prevent you from making key decisions one day. Make sure your business will be in good hands when the time comes.
With a business succession plan, you can protect both your business and your family. When you are no longer able to run the business, your succession plan can help facilitate a seamless transition. Our attorneys focus on creating a plan that accounts for a range of personal, financial and business-related factors, including special tax and trust matters.
We will work closely with you to review your options, which may include:
- Transferring ownership to business partners through a method such as a buy-sell agreement
- Selling your interests or dissolving your company to distribute the wealth to your loved ones
- Naming a successor to fully inherit the business
Taking the time to review your options now can offer several advantages. You can reduce the risk of possible conflict between co-owners, heirs or shareholders, which in turn can prevent legal costs to resolve those disputes. In addition, creating a succession plan may encourage a faster estate administration process because many of the details will already be in place.
We Can Help You Pass Your Business To Your Heirs
Reynolds Law, LLP guides business owners who may be considering passing their businesses on to their heirs. We can help you make strategic, impactful decisions that give your family and your company the support they need after you’re gone. Call 707-425-1255 or send us a message online to get started today.