One of the key events in the life of a family business is passing assets and operations from one generation to the next. Sadly, many businesses do not survive the succession process. There is simply too much opportunity for errors, oversights and inefficiencies inherent in the process.
The good news: With skilled business law and estate planning guidance, you can navigate these challenges and set your business up for a prosperous future.
At Johnson, Johnson, & Nolan, Attorneys at Law, our lawyers have extensive experience in the areas of business law and estate planning. We combine our knowledge of these practice areas to help our clients efficiently navigate the business succession process.
With law offices in Belleville, we serve businesses, individuals and families throughout St. Clair County and across the surrounding areas.
Transferring Assets
A business’s assets may include buildings, real estate, equipment, client lists, intellectual property and much more. In handling a business succession, we must devise the most efficient, tax friendly means of transferring ownership. Depending on the unique circumstances at play, we may achieve this by careful utilization of wills, trusts and other estate planning instruments. We can also guide you through business transactions that help you transfer your property in an efficient manner.
Navigating Management Changes
There is a lot more to a business succession plan than transferring assets, of course. We must also address the change in management structure, in the interim and long term. Our legal team can help you devise a plan that keeps your business running strong throughout the succession process and beyond. In addition to business succession representation, we provide local businesses with a broad range of transactional and litigation services.
Our Attorneys Are Here To Help You Achieve Your Business Goals
The business succession process can be challenging, but with skilled legal guidance, you can avoid risks and pitfalls. To learn more about how we can help you, call us at 618-207-4137 or toll free at 888-628-8977 or contact us online.