Business & Succession Planning
Developing an effective succession plan is one of the most important steps you can take to provide a strategy for the continued success of your business for future generations. Succession planning develops a framework for the smooth transition from you to the next generations. In uncertain economic times, ensuring that your business is well prepared to move into the future more crucial than ever. Sadly, many businesses do not survive the first generation due to the loss of a key employee or the lack of a transitional plan.
In order to protect you, your family and the future of your business, you need to contact a skilled and resourceful San Jose business planning attorney as soon as you can. At WealthPLAN, PC, the team of lawyers may is experienced in developing an effective business succession plan. Companies may consider different choices of entities that can ensure that your family business or partnership will continue to thrive after your departure. The choice of entity will impact developing an optimal strategy for success. Some examples of business entities include:
When you want to make sure that the future of your business, as well as the future of your family, is protected, you may choose from a number of succession plans. A buy-sell agreement or a life insurance policy agreement between partners can make any future transition of ownership relatively smooth and keep your business healthy and progressive. Choosing a succession plan for your business can be difficult and the firm will examine your situation from a number of perspectives in order to make an informed recommendation.
Protecting Your Business for Future Generations
WealthPLAN, PC appreciates how hard their clients work to create their wealth and may be able to help you provide for a comfortable retirement as well as a workable strategy to transfer your business. The laws governing business, succession, and taxation are very complex. There are changes for 2011 and more anticipated the following year as these laws are always under review and subject to change. The firm will work closely with you to help you navigate the shifting legal landscape that can impact your business. They have decades of experience helping people plan for the future. Contact a knowledgeable firm as soon as you can to protect yourself, your family and the future of your business.
Contact a San Jose business planning attorney to help you develop a strategy for the success of your business for future generations.