Small Business Planning Lawyer Columbia, MO
Planning for succession in a family business is a unique situation. When a small business is a key component of family wealth, the owners usually have a strong desire to perpetuate that business in one form or another. But perpetuation of the business through an orderly transition to family members or key employees is a complex process that involves business issues, family dynamics, tax and estate issues.
A typical succession plan involves two elements, which should be considered separately: the transfer of power and the transfer of assets. At The Haden Law Firm, we work with you to learn the unique aspects of your business and your family and then develop and implement a long-term plan to move your business into the next phase as seamlessly as possible.