Virginia Business Succession Planning Lawyer

Business succession planning involves all necessary legal actions taken to ensure the smooth transfer of your business to a selected individual or, group of individuals, upon retirement or in the case of an unforeseen event that leaves you unable to perform the duties required of your role. Additionally, a business succession plan also ensures that there are the necessary financial resources to cover any expenses associated with the transfer.

A business succession plan should be put into place as soon as possible, and the plan should take into consideration:

• Applicable state tax laws
• Customer retention
• Training requirements for position shifts

Whether you have a small family business or a large company, business succession planning is an essential part of your business. A small family business may need succession planning as part of the owner’s complete estate plan, or a larger company may need a succession plan in place as part of qualifying for company financing. Our Virginia business succession planning lawyers can help you develop a plan for the continuation of your business long after your lifetime (or retirement).

Protect Your Business and Family With Help From a Virginia Business Succession Planning Attorney

If you have a business and are interested in constructing a business succession plan that will secure its transfer and continued success for years to come, contact a Virginia business succession planning lawyer today. Our team is ready to help you create a complete plan for your needs.