Owning and operating a business is hard work and takes up a lot of your time. Small and large business owners need to have a business succession plan to keep their company running no matter the circumstances.
Think of your succession plan as a will for your business. You don’t want an unexpected illness or event to derail your company’s success, especially if business is what supports your family.
Anzen Legal Group’s business succession planning allows business owners to formulate plans ahead of time to ensure that someone you trust is always in place and to maximize their financial security. Our attorneys’ experience with helping businesses means we have a deep understanding of business succession planning. We’ll work with you to develop a succession strategy that enables you to reach your specific goals.
Our Business Succession and Exit Planning Services
Your business needs a plan in place in the event of your injury, illness, or death. Your company and employees need someone to take control and make decisions if you’re unable to do so. Having instructions and guidance in place ahead of time helps keep your business running without interruption.
Our business succession planning services provide the legal documents that map out the exact steps and instructions you want to have followed for your business. A succession plan is crucial to keep your business operating during short-term emergencies. It details what responsibilities specific employees will be taking on and how the business should run without you.
You also need succession planning services when you’re ready to retire or sell your business. You can instruct when and to whom you want your business transferred. It allows you to structure and plan ownership shares and formulate how the transfer will happen.
Beyond the continued operations of the business itself, business succession planning can help protect the financial future of your loved ones. As a vital income stream for your family, you may want to include directives in your plan for a family member to run the business in your absence.
In the event of your illness, incapacitation, or death, your business can offer monetary support to your dependents. You can pass the business onto them to continue the legacy, sell your business, or dissolve its assets through voluntary liquidation.
How We Help Your Business Grow
Our attorneys help you develop business procedures and structures that govern your business decisions and align with your goals.
We also advise clients about their contracts and legal agreements and negotiate on their behalf. Our practice helps you prepare for the future with our business succession planning services.