Business Succession Planning
Business succession planning is a set of processes that company owners use to determine how they will transfer ownership to a new individual or group. A business succession plan accounts for numerous legal, financial and operational factors that streamline the transition between owners. The factors and their intersections can be complex, so hiring a business succession planning lawyer is common. A business succession planning attorney can guide the owner to the most pragmatic choices for the situation and execute the legal processes that finalize the transactions involved.
Barulich Dugoni Suttmann & Cummins is a legal firm that offers business succession planning services in California. Our experience in estate planning, probate, business tax planning and real estate transactions allows us to tailor strategies to the client and their company.
Business Succession Planning Services in California
BDSC’s business succession attorneys represent business owners throughout California. Our services help clients address the important financial, legal and operational considerations that determine a succession plan’s strategy.
Our business succession planning attorneys provide numerous forms of support:
- Business succession consultations
- Company financial and operational evaluations
- Business transfer transaction planning
- Business succession tax planning
- Business succession plan implementation and management
- Business transition litigation
Benefits of Our Business Succession Planning Services
BDSC’s services incorporate the factors that impact your financial standing during retirement and the business’s profitability under the successor’s management. We will work with you to determine a new owner, choose the type of transaction, implement business continuity strategies and engage key stakeholders. The business will undergo a smooth transition, alleviating stakeholder concerns and establishing a foundation for prolonged success. Our strategic expertise can improve the transition process and its outcomes in numerous ways:
- Reduce tax exposure by choosing the best type of transaction for your situation
- Comply with California and federal requirements
- Identify a successor and clarify your intentions
- Unite the family around a clear estate plan
- Preserve the business’s operational efficiency and financial growth
- Retain vital employees, managers and shareholders
Why Trust BDSC for Business Succession Planning Information?
Succession is a critical part of the business’s life cycle that necessitates a meticulous plan, so build your strategy with guidance from BDSC. We are a firm you can trust for information about critical topics like business succession planning.
We provide actionable, experienced-backed information that can help you implement a smooth, profitable succession strategy. The associates who review our content help new clients understand succession planning issues every day and have done so for years.
Our business succession planning content is a part of our commitment to serving our clients’ best interests at every phase of the relationship — we tailor our business succession planning services to the client’s distinct circumstances, we craft our informative content for accuracy and relevance to your life. You can trust us to guide you in the right direction from your initial research steps through the implementation of your succession plan.
Start Planning for Your Business Today
The business succession strategists at BDSC are ready to form a plan that elevates your financial position and eases the transition. Contact us online to request a consultation with a business succession planning attorney.