Business Succession Planning

You are here: Home » Practice Areas » Taxation » Business Succession Planning

Business Succession Planning

Whether you are starting a business or looking forward to the day you can retire, proper business formation and succession planning is essential. At Kennedy Sutherland LLP we understand the unique and complicated challenges that face entrepreneurs, family business owners, and financial institutions. Our attorneys utilize their extensive practical experience to implement legal and tax planning techniques to help our clients make prudent business, financial and personal decisions.

Business succession planning requires strategic preparation and tactical decisions to allow your business to flourish while promoting the successful transition from one owner to the next. Our business planning services integrate your business goals, tax strategies, and estate planning and retirement needs to maximize value for you and your shareholders. Both long-term and short-term planning are necessary to prevent your business from getting caught up in ownership and control disputes among family members or shareholders upon your retirement, death, or disability. The following is a list of some of the services that we offer:

  • Management and preservation of assets and asset protection planning
  • Fiduciary duties
  • Structuring redemption agreements, option contracts, shareholder agreements, buy sell agreements and rights of refusal
  • Separating ownership and control
  • Facilitating Subchapter S elections and forming of limited liability companies, family limited partnerships and other business entities
  • Forming of business and real estate trusts
  • ESOPs and other employee ownership structures
  • Board structure and governance issues, before, during & after intergenerational transfers
  • Equitable planning for children involved in the business and children not involved
Show Comments