Succession Planning For Closely Held Businesses

The most critical challenge for many closely held businesses can be planning for the succession of the business. While succession planning can create a challenge for business owners, it also provides business owners with the opportunity to plan for continued success and growth of their business and their own financial well-being.

At StachlerHarmon, we can guide you skillfully through this process. Give us a call today to discuss your specific situation in a free phone consultation with an experienced Ohio attorney.

What Issues Do You Need To Resolve?

In order to successfully plan for the future, a business succession plan needs to address the operational, ownership, tax and estate planning issues involved when transitioning a closely held business.

Who will own the business?

Who will manage the business?

What happens to the business in the event of death, disability, divorce or retirement?

What are the business tax implications for your business succession plan?

What are the estate tax implications of your business succession plan?

These are important questions that owners of closely held businesses need to answer when creating a business succession plan. Our law firm has experienced attorneys who will consider your specific needs when guiding you through these tough decisions. The key to a successful business succession plan is beginning the process early.

Get The Guidance You Need From An Experienced Attorney

To learn more about succession planning for your business, contact us online or by calling 937-608-9398 or 800-645-2911. The first phone consultation is always free.