Protecting Your Business’s Future With Succession Planning
You have worked hard to establish and maintain a profitable business. Unfortunately, businesses can easily fall apart if there is a change of ownership or dispute. Our experienced business law attorneys can secure your business’s future with a custom succession plan. A succession plan can defend the integrity of the business, clearly determine ownership and prevent disputes.
If you own a business, you need to take action to protect its future. Call our Rocky Mount office at 252-557-4582 to discuss a succession plan with our experienced North Carolina attorneys.
Customized Succession Planning Services
Lassiter & Sperati, PLLC, has served North Carolina residents since 1908. With strong business law experience, we can carefully evaluate your business to develop an individualized plan with maximum benefit. There are many options for creating a succession plan, including:
- Creating a buy-sell agreement
- Selling your portion of the business outright or with private annuities
- Establishing an irrevocable trust
- Transferring business ownership through a limited partnership
Each of these options is accompanied by distinct benefits and drawbacks. Depending upon your business structure and succession goals, we can confidently recommend and implement your best option.
Early Planning Can Prevent Pitfalls
You may anticipate running your business for many years to come, but this does not mean that you can delay the succession planning process. Unexpected partner disputes, early retirements or incapacitation can occur and risk the health of your business. You should determine a plan years before you anticipate implementation.
Contact Us For Responsive Counsel
If you own a business, you need to start considering a succession plan. As a small firm ourselves, we understand your needs and how to protect your interests. Call our responsive attorneys at 252-557-4582 to discuss your options. You can also contact our lawyers online.