Our state is rich with families who have started businesses here and watched them thrive through the generations. However, there are also many examples of family businesses that have failed to weather the changes in generational management and ceased to exist. In many cases, this could have been avoided through careful business succession planning.
A good succession plan provides for a smooth transition. While it may take many months — or even years — of negotiation and fine-tuning, a viable succession plan increases the chances that the family business will survive through the years. After all, it’s your legacy – one you worked hard to build and one we’re sure you want to last!
When you meet with us to talk about your business succession plan, we will talk about a number of things, including:
Consulting with a Creative Business Lawyer® can help you bypass the pitfalls of passing the family business to future generations and help ensure a smooth transition process.