Business Succession Planning

Protecting Your Personal and Professional Interests with A Succession Plan

If you have been running a family-held business or any other type of entrepreneurial endeavor, you may not have had time to think of business succession planning. It is essential, however, that you have a plan in place, not only for the time when you retire or move on, but also for how operations should be handled in the event of an emergency where you can no longer be capable of running the business.

You may simply need an updated will, or your situation may warrant a complex layering of Trusts and Entities to ensure the business’ success continues, or there are provisions concerning how to wind things down. At DeAngelus Group, PLLC, our attorneys have the sophistication to handle every situation, including:

• Executing a revocable trust for a smooth family business succession
• Amending an existing shareholder or partnership agreement to include provisions about small-business succession
• Creating a separate limited liability company (LLC) to handle dissolution
• Evaluating tax strategies
• Changing operating agreements
• Negotiating buy-sell agreements
• Conducting business appraisals and valuation discounts

Comprehensive Family Business Succession Planning Attorneys Serving New York And Florida

Our business succession planning attorneys understand that your relationship with your business is constantly evolving. At each stage, the issues involved include tax planning, protecting your estate, providing control for an able manager, and providing for a comfortable retirement. Our lawyers carefully listen to your desires, concerns, and personal and professional goals. We will then present options and measures you may consider that will keep all these factors in mind.

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To learn how our experienced attorneys can help you, please contact us online or call our office at 518-631-6400