Helping You Plan The Future Of Your Closely Held Businesses
The attorneys at Levine DeSantis, LLC, offer experienced succession planning advice to the owners of closely held or family-owned businesses. We understand that ownership and leadership change over time and a company’s success depends on smooth transitions during that change. If you own a business and have yet to plan your company’s future, now is the time to start.
Our Springfield attorneys have more than 20 years’ experience working with owners of closely held businesses in Essex County and the surrounding area. We have helped many business owners plan for a successful future and positioned them to reach their goals. Whether you are a sole proprietor or part of a partnership, LLC, S corporation or C corporation, proper planning can preserve the company you worked so hard to grow.
Creating A Succession Plan
Businesses should continue to run smoothly when leadership changes hands. By being proactive, you can protect your business. Working with owners and other stakeholders, our talented attorneys discuss many useful succession planning items, including:
- Buy-sell agreements, including incorporating a right of first refusal
- Potential estate or gift tax consequences
- Methods of business valuation
- Creating a family limited partnership (FLP)
- Cross-purchases involving life insurance proceeds
- Possible benefits of trusts and other estate planning products
The attorneys at Levine DeSantis, LLC, will carefully analyze your business’s needs both now and in the future. We will consider the impact a business transfer will have on your estate, your children and your business partners, as well as other stakeholders. You can be confident your business is set up for long-term success once your succession plan is complete.
Our goal is not only to protect you and your business but also to develop a lasting relationship with our clients. We will be there to advise you and modify your succession plan if your needs or those of your business change down the road.
Talk To A Knowledgeable Lawyer For Family-Owned Businesses
Contact our succession planning law firm online or call us at 973-376-9050 to speak with one of our talented business attorneys today. We are ready to help you position your business for success when leadership and ownership change hands.