The future of a business should be protected in the event that something should happen to an owner. By engaging the services of an experienced business succession planning lawyer, you can ensure that the integrity of your business will be preserved.
Business succession planning helps foster comprehensive business stability. It is not only beneficial to the owners and their family members, but also can provide security for employees and customer confidence in the business. With a business succession plan the cost of transition and disruptions will be minimized. A business succession plan facilitates a smooth continuation of daily business.
Myth about Succession Planning
Business succession planning should not begin the year you wish to retire--not if you want to truly leave your business "in style". Strategies that will lead to the highest paying buyers or a smooth transition to a family member are best designed and implemented over a period of time, usually 3-5 years in advance of your projected sale date.
You want to leave you heir with a business that is as strong today as possible with thought to the unexpected. Whether it is a discussion on the growth potential of your business, marketing strategies, training staff that become empowered to assume responsibility and management or an analysis of your financial statements with long term projections, a competent business succession attorney can lead you through.
Wilson Law Group tailors each business succession plan to meet your business' needs and goals for the future. Through the establishment of a plan, the creation of a buy/sell agreement or other aspects of small business estate planning (such as wills and/or trusts), we can work cooperatively with you to protect that which you have worked so hard to create.
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With Offices in Madison, WI and Evansville, WI, the attorneys at the Wilson Law Group assist clients with Estate & Business Planning, Probate & Trust Administration, Elder Law and Medicaid Planning throughout Southern Wisconsin including Verona, Middleton, Sun Praire, Cross Plains, Oregon, Black Earth, Janesville, Jefferson, Fort Atkinson, Baraboo, Reedsburg, Richland Center, Mount Horeb, Monroe, Beaver Dam, Dane County, Rock County, Green County, Iowa County, Richland County, Sauk County, Columbia County, Dodge County and Jefferson County.