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Business Succession Planning
Business succession planning is often one of the most important steps an owner takes to ensure the long-term success of their business. Several studies show that in the United States, less than one-third of all family businesses last beyond the second generation. However, that success rate can be greatly enhanced through proper planning. We work with multigenerational family businesses to structure succession plans to help avoid estate tax and family conflict, either of which can lead to premature sale or liquidation. Our business succession planning efforts include general corporate, tax, estate planning, employee benefits planning and other legal services to family and closely-held businesses and their owners. Our clients range from small business enterprises to some of the largest corporations in the United States. Our broad practice and many years of experience have enabled our team of attorneys to become highly skilled transactional practitioners as well as experienced business advisors. We offer a valuable combination of technical experience and practical application.
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