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Business Succession Planning

Family-owned businesses make up approximately 50 percent of U.S. gross domestic product and 35 percent of all Fortune 500 companies, but only about a third of all these businesses successfully transition to a second generation. If your business is a significant part of your life’s work, take steps now to ensure that legacy continues. Our business succession team is multidisciplinary and will find the right structure to keep your company thriving – for the benefit of founders, owners, employees and clients – even after you choose to step away.

Developing a succession plan is a multiphase process that includes an analysis of equity, wills and trusts, tax structures, employee benefits and compensation, existing agreements and related components of the business framework. Our attorneys work closely with business owners like you to design, prepare and implement plans that transfer business interests to the next generation, key employees or third parties.

After your succession strategy is in place, we remain vigilant – continuously reviewing and adjusting your business succession plan as circumstances change. Through our extensive experience in tax; contract law; estate planning; corporate law and governance; asset protection; pension law; employee stock ownership plans; employment law; dispute resolution; and mergers and divestitures; our team brings a comprehensive; efficient and cost-effective approach that makes your long-term business plan become reality. Our services include: