Do You Have A Plan For The Future Of Your Business? Our Succession Planning Attorneys Can Help
As founders of businesses approach retirement age it becomes important to plan for the future of the business and the role of the next generation in that future. Succession planning includes not only having a will, it requires planning for the business. The skilled team of business attorneys at Astor Weiss Kaplan & Mandel LLP, is ready to provide advice and guidance as you make these important decisions.
There is no single “right” path for the transfer of ownership. it will depend on the details of your business as well as your larger needs and goals. You may need to consider the answers to questions such as these:
- Will the children or other relatives control the business following the founder’s retirement or death, or should the business be sold upon the founder’s retirement or death?
- How should these alternatives be planned for?
- Should a gift program be undertaken now to reduce inheritance taxes in the future?
The good news is that you don’t have to answer these questions on your own. Our attorneys have considerable experience assisting our clients to reach the best conclusions of what are often very delicate matters.
Reach Out Today For Knowledgeable Legal Advice
If you live or work in the greater Philadelphia area, get the guidance you need by contacting Astor Weiss Kaplan & Mandel LLP. You can schedule your initial consultation by calling 215-790-0100, or by sending us an email.