Strategic Guidance For Business Succession Planning
Are you the owner of a small business? Did you know that many small businesses and partnerships decline or fail when their owners become incapacitated, retire or die? Fortunately, you can write a different ending for your business.
At William J. Benz, Attorney at Law of Southampton, Pennsylvania, I can help you plan for the future success of your business or partnership. I have more than three decades of experience in helping small-business owners, and I have served clients in Buck County since 1990.
The Execution Of A Succession Plan
Many people think business succession consists of the owner stepping aside and letting “the next generation” take over. It is not that simple.
The proper execution of a business succession plan can include a variety of tools, including buy-sell agreements, annuities and family limited partnerships. I can help you decide which options are the best fit for your goals.
Strategy Of A Succession Plan
The foundation for success in business succession planning consists of three building blocks:
- Planning early
- Basing the succession plan on business needs
- Reviewing the plan on a regular basis
The strategic considerations for your succession plan can include:
- Selection of a successor (or successors)
- Setting a timetable
- Planning your own retirement
With my skill and experience in both business law and estate planning, I can provide valuable perspective and insight for the strategy and execution of your business succession plan.
How To Contact Me
Are you a business owner who wants to plan for the succession of your business or partnership? To schedule an appointment with William J. Benz in Southampton, Pennsylvania, call me at 215-436-9910 or contact me online.
