Business succession planning is comparable to estate planning for your company. For many of the same reasons you need a will or trust, your business needs a succession plan. A business succession plan contributes to the continued prosperity of your company.

At Kennedy & Jackson, our lawyers have helped counsel many family-held businesses on the effective transfer of ownership, and have helped many other business entities increase their bottom line through effective planning techniques. If you own a business, contact us today to schedule a free initial consultation to discuss better options for your company.

There are many taxes that can be incurred in the transfer of ownership if proper planning steps are not taken to minimize these costs. Death, divorce and other events can cause the value of a successful company to plummet. However, with effective plans in place, the value of your company will be maximized and you can also avoid creating difficult family situations. At Kennedy & Jackson, we want to help make sure you are protected. Work with us and feel confident that you are making the best decisions possible about the future of your company.

We structure complex transfer strategies, including drafting of effective buy-sell agreements. These buy-sell documents are essential to protect your company and make sure that your company will survive. We want you to be confident that your business is protected for anticipated transfers as well as unforeseen events that can occur. Buy-sell agreements provide instructions and planning for the distribution of assets in the event of the death or disability of a company’s owner. We draft these plans to protect the interests of the owner’s family, estate, and the other owners in the company.

Whether you are looking to protect the best interests of your loved ones, save your company for the sake of your employees, or just avoid paying unnecessary estate taxes, we can help. Contact ustoday to schedule a free initial consultation.