Business Succession Planning

Business owners have several unique estate planning needs. Business succession planning addresses both estate planning for business owners and planning for the succession of business interests. It may involve the transfer of a business during an owner’s life or coordinating the transition of a business upon an owner’s incapacity or death.

During a business owner’s life, our firm helps develop a plan to transition the business to the next generation or key employees. Our goal is to work with your team of advisors, including your financial advisor, business coach, accountant, or insurance agent, to put together a plan to accomplish your goals.

We also work with business owners to create a plan for the business if the owner becomes incapacitated or passes away. Upon incapacity of the business owner, we want to make sure that the business operations can continue, and that payroll and other business obligations can be satisfied. Upon the death of a business owner, we want to ensure the business stays out of probate and the operations and ownership of the business successfully and efficiently transfer according the business owner’s wishes.

At Bolt Hoffer Boyd, our Estate Planning and Elder Law Attorneys work with business owners to identify and create a clear and simple business succession plan. Contact us today to learn more.

Our Estate Planning and Elder Law Attorneys

Call us today for a free consultation: 763.406.7000

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