Succession Is An Important Part Of Any Business Plan
The success of a family-owned business can reap financial rewards. The accomplishments can also create complex legal issues that need resolution. Daily operations often do not include planning for business succession. Yet, proactive steps should be taken before it is too late.
At Sheehan & Associates, P.L.C., we help clients with complex succession planning for perhaps their most valuable asset.
Business Succession Must Be Tailored To Your Needs
Business succession planning can go a long way in preventing future disputes. Following a disabling illness or death of a family member and business owner, disagreements can arise as to who is taking over the operations. Spelling out your wishes in a detailed and legally binding document is vital to continue business operations and maintain peace within a family.
Understanding that all business succession plans are not the same, we take a personalized approach to our cases. We spend time with you to understand your business and your specific needs and goals. From there, we draft a plan that spells out your wishes and makes those desires enforceable under the law.
Take control of your destiny and that of your family members. Do not put important decisions in the hands of a probate judge. Our knowledgeable attorneys are ready to help.
Ready To Put Your Plan In Place
For more information or to schedule an appointment with an experienced southeastern Michigan lawyer regarding family business succession planning, please contact us. We work with entrepreneurs in Greater Detroit and throughout southeastern Michigan from our office in Rochester Hills.