Developing a prosperous business is often a lifetime achievement. Planning for the succession of that business ensures survival and growth of the business, preserves family harmony, minimizes taxes and facilitates retirement.
Sometimes balancing the goals of the owners, family members, the buyers or transferees, and the business can be difficult. A variety of options are available, including gifting, sales or exchanges, installment obligations or private annuities, and employee stock ownerships plans.
Areas of expertise:
- Tax planning
- Purchase and sale agreements
- Retirement planning
- Estate planning
We represent individual business owners, professionals, closely held business and small companies. Our succession planning practitioners are backed by experienced business operations attorneys and litigators. In addition, Lommen Abdo’s appellate department regularly appears before the Minnesota and Wisconsin state and federal appellate courts, including the Seventh and Eighth Circuit Court of Appeals and specialty courts such as the tax court.
We would be pleased to answer any questions you may have about the services of our Business Succession Planning attorneys.