Business Succession Planning

Effective coordination of the transition of your business to your successors is critical for the continuity and preservation of the business once you decide to remove yourself from the company's day to day operations. We can assist you in developing a strategically sound plan that will facilitate continued success for the business, while at the same time maximize the ultimate payout to the retiring party for his interest in the business.

For an article that explores some of the basic considerations for family businesses please see Succession Planning for Family & Small Businesses.

Our many years of experience in tax and legal business planning allows us to draft the appropriate documents to address the complex issues of any business continuation plan.

Usually such plans will combine both income tax as well as gift and estate planning strategies.  For an article published by Mr. Fromm at the Journal of Accountancy that explores the possibilities please read the hypertext article entitled Gifting Shares of Stock In A Bad Economy