Business Succession Planning
We represent business owners who desire to transfer the legacy of their company to family members, new owners, or key employees. Succession planning can address both a planned departure from the business and an unexpected event that requires an owner to transition the business immediately.
Our primary focus is helping our clients smoothly transfer ownership through an estate plan, and transfer leadership and operations control. For example, our plans can address how to expand the role of family members who desire to participate in the business before the ownership transition.
In addition, owners who already have business partners can plan what the role of their business partners will be after the ownership transition, and employ safeguards for the business such as key man life insurance.
Each and every business is unique, and each business succession plan prepared by Hughes & Pizzuto is tailored to the dynamic needs of our clients.