BUSINESS SUCCESSION PLANNING

Business leaders and entrepreneurs often overlook an important part of running of their businesses—preparing for the succession of their businesses to the next generations.

Having a strategic and comprehensive Business Succession Plan is vital to allowing the business that you have built with your blood, sweat, and tears, to thrive after your passing.

Perhaps your children are in the perfect position to carry on the family business, or maybe you have a loyal employee who is ready to take over the reins.

What is the most tax efficient way to transfer the business to this person?  How can you create an incentive for this person to work hard and yet still keep some level of control for yourself in case things do not work out?  Are there any ways you can ensure that the business will continue to flourish even after you have left the helm?

The team at Alley Law can help you to strategically navigate through these decisions so that your business will continue to be a success and a legacy to your loved ones after your passing.