Successful businesses effectively link all planning strategies with the estate planning and financial goals of their owners and key executives. Without these considerations, a business may open itself to problems that not only threaten their future growth, but also their long term survival.
An important part of estate and retirement planning is determining how you, a business owner, will exit from your business considering your unique circumstances. Business succession planning is often seen as an overwhelming task, even under the best of circumstances. With the help of Nepa & McGraw’s business succession planning attorneys, you may be able to enjoy retirement income, reduced estate and income taxes, and may possibly even benefit a charity if desired.
The attorneys at Nepa & McGraw can provide business owners with a thorough and strategic plan that will manage all business succession issues such as business valuation, business restructuring, and retirement projections. Taxes are also an important aspect to be taken into consideration, and our business succession planning attorneys will examine all possible options to minimize taxes upon the business owner’s transfer of ownership or death.
Nepa & McGraw will also provide a smooth transition between the current owners and the future business owners. By planning ahead, both you and your family will be able to achieve the best possible results when exiting your company, whether you transfer your business to employees, to outside buyers, or to family members at a discounted price.
If you are beginning to consider your business succession options, you may find yourself feeling overwhelmed at the complexities involved. Call Nepa & McGraw today at (570) 282-7050 for a free and confidential consultation without obligation.