Business Succession Planning
Our experienced New Jersey attorneys can help you plan for business succession.
In New Jersey, and elsewhere, those who own a business in its entirety or in part often feel quite anxious when it comes time to develop a business succession plan to direct their ownership interests to their desired beneficiaries. Business owners and their families may be somewhat confused as to how their ownership interests will be distributed, as well as about whether the distribution will be impacted by rules set forth in the company documents.
Here at Posternock Apell, PC, we assist a range of clients — individuals, families, small businesses, corporations, and more — in establishing comprehensive, well-executed business succession plans that ensure that their ownership interests will be successfully (and with minimal friction) transitioned to the desired beneficiaries.
How we can help with business succession services in New Jersey:
We provide a range of business succession planning services for every stage of the development and execution process, including the following:
Evaluating the estate plan of the client
Evaluating the equity structure of the business (and the succession rules)
Working with experts to determine the strategic consequences of different business succession strategies
Drafting and executing necessary documents to ensure a smooth business succession in accordance with client requirements
Regularly reviewing and updating business succession plans as circumstances change
Unlike many other firms, it is our belief that effective representation requires a partnership with the client. We work closely with our clients to ensure that we have the information necessary to develop an adequate business succession plan that is properly tailored to the client’s goals and preferences.
Our attorneys are experienced commercial litigators, so we are fully aware of the conflicts that are likely in business success disputes, and we are uniquely well-equipped to work with clients to develop business succession plans that are less likely to give rise to significant conflicts down the line.
Request an appointment with one of our business planning attorneys today.
Do you have business succession planning concerns? We encourage you to get in touch with one of the experienced New Jersey business succession planning attorneys at Posternock Apell, PC for guidance on how to develop and execute an airtight business succession plan that will ensure that your ownership interests are passed to the intended beneficiaries with a minimal risk of dispute.
Here at Posternock Apell, PC, our attorneys boast decades of experience providing industry-leading legal representation to those who require business succession planning services across New Jersey. We understand that high-net worth individuals and others with significant ownership interests in various companies may be quite concerned as to how they can direct such assets to their desired heirs after death. In fact, this is a perfectly reasonable concern, as most businesses (that are not sole proprietorships) have a set of rules pertaining to succession of ownership interests. Our attorneys have extensive experience handling business succession planning issues, and we are therefore well-equipped to help clients navigate through the murky waters typical of such issues.