Running your own business can take a lifetime of dedication and hard work. Nonetheless, many businesses are not equipped to survive into the next generation.
A well-crafted succession plan ensures that you can pass your business on to the successor of your choice (e.g. a child, a spouse, a trusted employee, etc.) and seamlessly pass the torch. Through buy-sell agreements, you can set parameters on when and how to monetize the value of the business and who may purchase your business interest.
By collaborating with the business owner’s other professional advisors, Register Law can help you make a business succession plan that will avoid potential conflict and confusion among remaining owners, partners and family members. The objective is to help you protect your personal and business assets and ensure that your loved ones are protected.