BUSINESS SUCCESSION PLANNING

Business owners often are so focused on running their companies that they do not take sufficient time to think about their succession plan or exit strategy. Starting this planning process well before a potential sale enables owners to better position their companies for it and to maximize their sale price.

Our attorneys take a team approach and work with a company's accountants, investment bankers, and other advisors to assist owners in this business succession planning process and to select and implement the correct exit strategy for them, whether that is a sale to a strategic or portfolio buyer, a sale to key employees, or a sale to an employee stock ownership plan.

Business Succession Planning lies at the intersection of business law and estate planning. Lavelle Law's business law attorneys prepare various shareholder, operating and other agreements to provide a smooth transition of a company's ownership in the event of an owner's death or disability. Our estate planning attorneys coordinate with our business law attorneys and assist owners with their individual estate plans and gifting strategies to ensure that their wealth is properly held, managed, and transferred to subsequent generations in a manner that minimizes estate and gift taxes.