Business Law & Transition Planning
Our business clients are either starting a business or a professional practice, or they are seasoned owners who, having worked hard to achieve success, want to protect it.
We help clients understand the wide range of issues involved in starting, expanding, and transitioning out of a business. Business owners are often heavily immersed in running their businesses and they may not take the time to think about long-term planning.
We believe that every business owner has an estate planning issue, and that every business owner should take time on a regular basis to consider the following questions:
- What happens to my business if I die suddenly? Who will run it? Will my spouse or family receive any value from my business interests?
- What happens if my partner or fellow shareholder dies? What obligations do I have to purchase his or her interests? At what costs?
- What if I (or my partner) become disabled? Can the business survive?
- Can I sell my interest in my business? Is there any value in the business? Can I afford to retire if I can’t sell my business?
- Do I want my children (or other family members) to run my business after I retire? Do they want that?
In short, we help business owners think about the estate planning implications of owning a business and about business succession planning.
It is never to early to start thinking about these issues. We have helped many clients consider these issues during the start-up phase of their business. On the other hand, we help clients who have run businesses for years begin to think about these issues.
In all cases, our business clients sleep better knowing that they have a knowledgeable attorney who understands their goals from the perspective of a fellow business owner, and who is devoted to helping them achieve their personal, family, and philanthropic goals.