Can Podlaski Attorneys help a family business with ownership succession and estate planning?

Yes. Ownership succession is one of the core services of our business law practice. We help family-owned companies plan how ownership and management will pass to the next generation or to key employees, including buy-sell agreements, transfer and valuation provisions in operating agreements or bylaws, management transition arrangements, and the documents needed to admit new owners or buy out departing ones.

A succession plan only works if it lines up with the owners’ personal plans, so we also prepare the estate planning documents that carry it out, such as wills, trusts, and powers of attorney that address how business interests are held and transferred. Coordinating the business documents with the personal documents helps avoid the gaps and disputes that arise when they are drafted separately or years apart.

Transitions of ownership often raise tax questions as well. We work alongside your accountant or tax advisor so that the legal structure and the tax planning fit together.