Business Succession Planning
Business succession planning concerns not only the ongoing viability of the business, but also the business owner's retirement plans. A recent survey by CNBC and the Financial Planning Association found that while 78 percent of small business owners intend to sell their businesses to fund their retirements, fewer than 30 percent have a written succession plan.
There is no one-size-fits-all succession plan and business owners should be well-informed regarding the possibilities. Ultimately, each succession plan should be structured around what the business owners goals are. Our estate planning attorneys can help ensure that your business is well positioned to continue its operations with a seamless transition into retirement. They can also help ensure that you receive fair compensation and beneficial tax treatment.
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The answers to these questions can cause your estate plan to take on an entirely different direction, so it’s important that the lawyer helping plan your estate does a thorough job of asking them and covers all the important territory.
Our attorneys excel at carefully handling your business succession planning and can make all the difference now, saving frustration and needless expense later on.
Call us today at (435) 787-9700 or contact us online, to speak with an attorney today.
