Business Succession Planning Services
At Old City Law, we understand that a successful business isn't just built on strong products or services, but also on strategic planning for the future. Our Business Succession Planning services are designed to help business owners, executives, and stakeholders navigate the complexities of transferring leadership, ownership, and operations to the next generation—or to a third party—in a way that ensures long-term success and stability.
Whether you are planning to pass your business down to family members, sell to a partner or employee, or explore other exit strategies, we provide tailored legal guidance to protect your legacy and maximize your business’s value. Our team of experienced attorneys works closely with you to create a clear, effective succession plan that aligns with your vision, minimizes potential risks, and secures the future of your business.
Our Business Succession Planning Services:
Business Valuation & Assessment: Accurately determining the current value of your business is a crucial first step in succession planning. We assist with professional business appraisals and market analysis to ensure a fair and realistic valuation.
Ownership Transition Strategies: Whether you’re transferring ownership to family members, partners, or outside buyers, we help structure the transaction to avoid unnecessary tax burdens, conflicts, and delays.
Estate & Tax Planning: We integrate your business succession plan with your personal estate and tax planning to minimize estate taxes, capital gains taxes, and other financial challenges.
Buy-Sell Agreements: For businesses with multiple owners, a buy-sell agreement is essential. We draft comprehensive agreements to ensure smooth transitions in the event of retirement, death, disability, or other unforeseen events.
Retirement & Exit Strategies: We advise on the best strategies for business owners looking to retire, sell, or exit their business, helping to secure financial independence while ensuring the continued success of the company.
Family-Owned Business Transition: Family businesses face unique challenges when transitioning leadership across generations. We offer sensitive and strategic solutions to help preserve family harmony and protect your business’s future.
Governance & Leadership Development: We assist in developing governance structures, leadership training, and management succession plans to ensure the company remains strong and well-managed after the transition.
Why old city law?
Our team has extensive experience advising business owners in all industries on succession planning. We combine legal expertise with a deep understanding of business operations to provide practical, forward-thinking solutions. With our guidance, you can ensure that your business transitions smoothly, safeguarding both your legacy and the future success of the company.
Contact us today to schedule a consultation and start planning for the future of your business. Let us help you create a comprehensive succession plan that ensures your hard work and achievements continue to thrive for years to come.