You’ve worked hard to build your business, develop a good reputation in the community, and forge professional relationships. As you get older and are considering your well-deserved retirement, have you given thought to what you’ll do with your business? Do you have partners that might want to buy your share? Maybe you have a family business and a specific relative in mind to take over running the company. If you haven’t made a business succession plan yet, your business could be in serious jeopardy if something happens to you. Our Sterling Heights, MI succession planning lawyer can help you develop the right legal protections to ensure you have a plan in place for your retirement or in case you become incapacitated. Call Gudeman & Associates, P.C. today for a consultation.
Succession Planning Lawyer Sterling Heights, MI
Business succession plans are like a will or estate plan for your company. You can name someone you trust to make business decisions if you’re incapacitated (such as getting into a bad accident or falling ill) and cannot run your business yourself. Having a clear chain of command keeps your business running smoothly and your customers and employees happy.
Our Sterling Heights succession planning lawyer also helps you develop your exit strategy. If you want to maintain a limited interest in your business after retirement, we can assist with restructuring and a smooth leadership transition. Alternatively, if you wish to sell your interest in the business to your partners, we can also develop a succession plan to facilitate this transaction.
Succession plans don’t always have to be an either/or proposition. You can have a business succession plan that covers you if you’re unable to make business decisions for a limited time, as well as one that can take effect if you pass away unexpectedly. We help you preserve your assets and company in accordance with your values and goals.
Planning for the future gives you peace of mind, knowing that the business decisions you make today will be respected in the future. Your business succession plan is also a vital part of overall estate planning, ensuring that business wealth and equity remain within the family. Your clear business succession plan can also help avoid arguments among your family members: Your wishes are clear, legally documented, and supported by our legal team.
Why Experienced Legal Advice Matters For Business Succession
For your business succession plan to be effective, it must be properly drafted and legally sound. Our Sterling Heights succession planning lawyer gets to know you, what’s most important to you, and your long-term business goals to create the right business succession plan to meet all your needs. Our experienced legal team develops protections for your business so that no matter what happens, you’re covered.
- Our attorneys have over 100 years of combined legal experience
- We earned an A+ rating from the Better Business Bureau, demonstrating our commitment to ethical business practices
- Firm founder and lead attorney Edward J. Gudeman is a business owner like you, having founded several successful enterprises
- Hundreds of 5-star reviews from satisfied clients on Google
For a business succession plan that meets your needs and protects everything you’ve worked hard to build, we’re the attorneys you want. Call Gudeman & Associates, P.C. today for a consultation.
