Business Succession

Starting a successful business takes a lot of hard work. The choices of to whom and when to transfer the business should not be taken lightly. Chances are, if you have an ownership interest in a closely held business, you spent a lot of time, energy and resources to develop this business. You would not like all that hard work go to waste when it comes time to transfer ownership. With a proper business succession plan you can minimize the tax due upon transfer, ensure buyers have proper liquidity, and select new owners with the same drive and passion for the business to ensure the businesses continued success. Since the methods of transferring the ownership of a business greatly depend on how your business is structured, and who you would like to pass it on to, it is important to discuss with your attorney the many options that are available. Please contact me for a free consultation.