Business Succession Planning
A business succession plan can maximize your business's value and secure your own and your family's financial future when it comes time to sell, transfer or wind things up. When planned properly, your transition should be smooth both emotionally and financially, not just for you and your family, but your employees and your successor as well.
Randall S. Lewis, Esq. understands that only holistic approach to planning will recognizes how closely connected your business and personal finances are. In order to accomplish a successful plan a team approach between financial advisors, bankers, accounts and other key stakeholders must be untilized to insure a plan that is truly integrated, comprehensive and customized. This approach is the best course to help you start moving on to the next exciting stage of your life.
A business succession plan is the best way to help ensure that you get what you want out of all the work you've put into your business. A comprehensive plan will include your future plans, your family's financial needs and the minimization of taxes. It will also include the protection of your assets and estate in the event of death or disability.
Personal benefits of succession planning
Business benefits of succession planning
Complete high-quality services tailored to meet your specific needs (provided in conjuction with other members of the team)
It's never too early to start planning, early planning can help the journey as simple and smooth as possible.
Randall S. Lewis, Esq. understands that only holistic approach to planning will recognizes how closely connected your business and personal finances are. In order to accomplish a successful plan a team approach between financial advisors, bankers, accounts and other key stakeholders must be untilized to insure a plan that is truly integrated, comprehensive and customized. This approach is the best course to help you start moving on to the next exciting stage of your life.
A business succession plan is the best way to help ensure that you get what you want out of all the work you've put into your business. A comprehensive plan will include your future plans, your family's financial needs and the minimization of taxes. It will also include the protection of your assets and estate in the event of death or disability.
Personal benefits of succession planning
- Provides peace of mind
- Secures your personal financial future
- Protects and potentially enhances your payout
- Simplifies your retirement picture
- Potentially reduces taxes
- Inspires confidence in all key stakeholders
Business benefits of succession planning
- Ensures a smooth transition
- Avoids delays or disputes that can place strain on the business
- Clarifies everyone's roles and responsibilities
- Gives investors, lenders, customers and employees confidence
- Provides focus for long-term strategic planning
Complete high-quality services tailored to meet your specific needs (provided in conjuction with other members of the team)
- Retirement projections to ensure your financial goals and objectives can be met post-business
- Professional investment management for your business and your family
- Contingency planning to ensure the financial security of you and your family, and the successful continuation of your business, in the event of unexpected death or disability
- Will and estate planning that takes your business interests into account
- Administration and management of private businesses that fall into an estate
- An assessment of retirement strategies
- Coordination with other members of the business succession planning team.
It's never too early to start planning, early planning can help the journey as simple and smooth as possible.
Randall S. Lewis, Esq.
Attorney and Counselor at Law
1 Falconer Street, P.O. Box 517
Frewsburg, New York 14738
C: 716-720-8269
randall@rlewislaw.net
Attorney and Counselor at Law
1 Falconer Street, P.O. Box 517
Frewsburg, New York 14738
C: 716-720-8269
randall@rlewislaw.net