Business Succession Planning in Washington
It’s challenging enough to run a small business from day to day, much less to plan for the future. In the back of every business owner’s mind they know that, like it or not, the day will come, if they’re lucky, when they will decide to retire from the business and either dissolve it or sell it. But if they are not so lucky, business owners may become incapacitated or unexpectedly pass away before they are ready to give up control of their business. All of these scenarios require advance planning and legal assistance. Otherwise, it’s a failure to meet critical responsibilities to employees, other owners of the business, clients/customers, and family members who may be counting on the value of that business as a needed asset. Our firm stands ready to listen to your goals surrounding business succession, and to provide legal support as it relates both to your business and also to estate planning.
For more information, please see some blog posts we’ve written about business succession issues:
Make the Exit Strategy for Your Business as Successful as Stephen Colbert’s
Why Have a Business Succession Plan?
Business Succession Planning for the Family Business
Business Succession Planning for Single-Owner Businesses
Business Succession Planning for Businesses with Multiple Owners