Business succession planning for the long term is a process that should be started sooner rather than later. Developing a succession and exit plan is often delayed or ignored by business owners who are not considering the seemingly distant future. At Barth Calderon LLP, we understand the importance of this endeavor and can help prepare our clients for the exit of their involvement in a business either due to changing interests or death. Pre-planning should take place at once so that businesses have a higher chance of success and financial stability. Our asset protection attorneys provide the information owners need to plan for the imminent future.
You should begin business succession planning, including generational transfers, at your earliest convenience. An important consideration to make is who will receive the business after you retire or pass away. Protecting your business from creditors, helping it increase its value, and preparing for acquisition, are all aspects of business exit planning. During a free case evaluation, we can evaluate what is the most appropriate succession plan for your company’s future. Our focus will be on maximizing the after-tax sale income received for the company from a sale or transfer of ownership.
At Barth Calderon LLP, we can discuss all of your available options for this business practice. Your business succession and exit planning may even be included in an estate plan. Our legal team can assist you through the creation of an exit plan that addresses a wide range of issues, such as the coordination of financial planning and business appraisals. Our firm can help identify owner compensation tools and any legal problems that may arise. Contact our firm today for legal assistance with handling the planning the future of your business – and your life.