Business succession planning involves making a conscious decision regarding your “exit strategy” from your business. Do you plan to sell your business and retire? Do you plan to transfer it to your children? If you plan to transfer it to your children, what will the business look like afterwards? How will you minimize any taxes related to the transfer, or provide an income for yourself in retirement? Does your spouse currently rely on you and your business for income? If you die unexpectedly, will your spouse continue to receive an income from the business?
Our Sacramento business succession planning lawyers help our clients develop the best exit strategy plan for their unique situation and goals. Then, we help them implement the plan and realize their goals. Contact us today for a no obligation consultation.