At M&B we have nourished our business for over 50 years and survived the ups and downs by ensuring that we have a succession plan in place. Just as that plan helped us through the retirement of our founding partners, a succession plan will help your business transition from one generation to the next. We have represented businesses through multiple owners and generations, planning for, and then delivering a smooth transition from one management team to the next. Just as you have an estate plan for your family, a succession plan for your business gives it the best chance at surviving after you are gone.
Like with our estate planning, we don’t just handle one end of the process, we are there from start to finish. We form businesses as LLC’s, Partnerships, S-Corps, and C-Corps and then advise on day to day contract, purchase, and employee issues. Then as your business grows, we will help you maximize its value when you start thinking about handing it off to someone else.
As the old adage goes, failing to plan is planning to fail. For businesses, this translates into financial losses. By analyzing your business we will help you pick the best structure to meet your needs, which will minimize your tax liability and/or increase your control over the company. Similarly, by engaging in succession planning early we will help you identify areas of need and maximize your business’s value so that you receive the fruits of your years of hard work.
Please contact us for an appointment to discuss any legal issues facing your business. It would be our pleasure to help you get past those issues and get you back to doing what your business does best.