Business Succession Planning
Business Succession Planning Attorneys in Madison and Janesville, Wisconsin
When transferring your business to the next owner, it is important to have an attorney with business succession planning experience. At Murphy Desmond S.C., our attorneys have effectively transferred an array of businesses to family members, business partners and third-party buyers.
Experienced Legal Assistance With Business Succession Plans
Ideally, succession planning for businesses is developed several years in advance. However, occasionally situations present themselves -- like disability, poor health, divorce, death, or a family member relocating -- that makes succession planning more urgent.
When the time comes that you need to start planning the transfer of your business to a new owner, contact Murphy Desmond. Our business attorneys have extensive experience helping businesses set up all aspects of succession plans, and we can assist with:
- Buy-sell agreements
- Gifting techniques
- Business valuation
- Tax planning
- Deferred compensation
- Mergers and sales
- Life insurance planning
Our attorneys realize that proper business succession planning requires sounds preparation. Internally, the process involves: (i) identifying and developing internal people with potential to fill key business leadership positions in the company; (ii) transferring the control of the business once these internal targets are ready to assume control; and (iii) devising an exit strategy for the former owners that is mutually beneficial for the business and all parties.
At Murphy Desmond S.C., our business succession planning lawyers can help you sell your shares of a family business, and assist with selling your portion of the business to current partners and third-party buyers. We offer business valuation services and assist in setting up life insurance for all owners.
When it comes to business succession planning, there is no "one plan fits all." A business succession plan is often one part of a comprehensive estate plan. We can help meet all of your estate planning needs and provide a full range of dedicated business law services. We will work to ensure your assets are protected and your business is smoothly and equitably transferred to the next owner.
We believe that taking your business into the future should be rewarding for everyone involved.
You can rely on our lawyers to develop a succession plan that will effectively meet your needs. Contact our attorneys online or call 608.257.7181 to schedule a consultation to discuss your needs. We serve clients in the Madison area, Dane County, Janesville, Beloit, Rock County, the Fox Valley, and throughout Wisconsin.