Business Succession Planning

Texas Business Succession Planning Attorney

Business succession planning involves both business planning and estate planning issues. Especially in a family business, attention must be given to what will happen to the business in the event of the death or retirement of the principal owner of the business — often a parent or parents.

At The Law Office of Patrick Reed in San Antonio, I represent business owners, individuals, and families in business succession planning. Contact me online or call 210.403.0904 for more information.

Issues to Consider

• Will the business be sold or gifted?
• Who will be the new owners of the business?
• Will the business be owned by multiple parties?
• Will the children own the business equally?
• What legal rights will the spouses of children have?
• What is the best way to provide for the child or children that will not own the business?

These are questions that should be addressed long before the sale of a business or retirement, and long before ownership of the business is transferred to children. I can advise you in the best way to transition your business upon retirement or death and develop a plan for that succession.

What are the tax implications of these options? My goal is to help you develop a plan that minimizes taxation and protects your business as it moves from one generation to the next.

Customized Plans to Fit Your Unique Needs

As a business succession planning lawyer, I can help you develop a plan that is tailored to your family and business needs. This experience allows me to guide clients throughout the business succession planning process and avoid future disputes among partners or family members.

Contact Me

Contact my law office today to arrange a confidential consultation to discuss your concerns, questions, and objectives.