Helping Business Owners Plan for the Future

An essential part of structuring a business is to have a comprehensive plan in place, including both a succession plan and an estate plan. 

What's the Difference between and Estate Plan and Succession Plan?

Businesses have succession plans; families or people have estate plans.  Small businesses or family owned businesses likely need both.  Documents must be established that detail the succession of the business, if the business owner were to become unable to continue to run the business due to incapacitation or death. Though business succession planning can be uncomfortable to confront, it is important for the future of your business, your customers, your clients, and your employees. 

Also, because your business may be your single largest asset, you need to have a comprehensive estate plan in place, that accounts for all of your assets including your business.  You would not want your family or business associates to suffer if your business became caught in probate or if unintended tax consequences ocurred.

At The Piatchek Law Firm, LLC, our business estate planning and business succession lawyer helps business owners from the initial start-up of their companies through the planning stages in order to plan thoroughly for the future. We can take steps to ensure the proper utilization of business planning documents such as buy-sell agreements, shareholder agreements, LLC operating agreements, or LLC member control agreements.

If your business is in Springfield or southwest Missouri, call us at 417-882-5858, or send us an e-mail to schedule your consultation and discuss business estate planning with our firm.

The estate tax laws are always changing.  Business estate planning is not just about avoiding estate taxes. A comprehensive and inclusive estate plan can help business owners protect their investments and ensure continuity in their businesses after they are gone.

Each business is different, and each business owner is different. A business owner must carefully consider how the business will continue when he or she leaves the company, whether by choice, or due to circumstances such as disability or death.

Springfield, Missouri, Business Succession Lawyer

When necessary, our firm can consult tax experts, financial planners, and other professionals in order to develop relevant business estate planning strategies to create business succession plans and avoid estate taxes. You have worked hard to build your business, so take important steps now to protect its future potential.

With proper business estate planning documents, you can help ensure that your business partners and family members are not harmed by your death. Operating and partnership agreements initially help your partnership or family-owned business get its start, but they can also help avoid estate taxes and problems in and provide management planning for the future. Appropriate documents can also provide for business asset protection for both large and small businesses.

Springfield, Missouri, Business Succession Planning Attorney

Contact a Springfield, Nixa, and Ozark Business Planning Attorney

For thorough and tailored business succession and business estate planning services, contact our offices to arrange a confidential consultation. Evening and weekend appointments may be available, and we can arrange a home or business visit if you are unable to travel to our offices.