For business owners making an estate plan, one crucial obligation is to ensure that you have a good succession plan in place. This is important in case of death or incapacity, but also for business owners planning to retire.
A succession plan will support involved family members, employees and business partners by creating specific steps that allow for a seamless transition of ownership and management. Even if you are just starting a business, you will need guidance on the best structure to use for both your personal and business finances.
At Shoup Legal, we can help you with your business from the initial stages, and will find the optimal method of blending both succession and estate planning strategies. Please contact us so that we can preserve your valuable business assets for your heirs.