Planning for Ownership and Control of Your Business
You've worked hard to build your business, whether you have done so as the sole owner of your business or as a business partner with people inside or outside your family. It is worth your time to take a moment and work with a lawyer to plan for the continued success of your business, protecting your legacy in the event of your death.
I help California clients devise smart, effective business succession plans. Contact me to schedule a free initial consultation about your business and your concerns. I have offices in Encino and the Santa Clarita Valley.
Looking Into All of Your Business Succession Options
I will take a comprehensive look at the status of your business and your estate plan in order to come up with a business succession plan. I will work with you to put your intentions and goals in writing and help you make specific decisions such as the following:
- Designate who will inherit the business
- Plan for compensation of family members who helped you build the business
- Choose beneficiaries for your life insurance policies
- Mandate how your heirs should use business and insurance proceeds
As an attorney who regularly handles small business matters, estate planning and family law issues, a significant portion of my legal practice is focused on the areas where these legal fields intersect. I can help you design a business succession plan that takes into account all possible contingencies.
Working With Your Business Partners to Plan Ahead
If your business is operated as a partnership or otherwise jointly owned, you will want to make sure that your contracts with your business partners work with your estate plan. A comprehensive look at these issues will help you protect your interests and your family's interests, and avoid unnecessary arguments between relatives and business associates.
I am highly experienced at negotiating and drafting mandatory buyouts and other business succession agreements that account for the possible death of a business partner. Contact me to discuss how I can help you and your business.
