Business Succession Planning Is Critical For Your Vision
Running a family business frequently comes with many challenges. Whether your small business is well-established, or you are in the earlier stages of operation, it is vital to prepare a solid business succession plan to ensure that your vision is understood. However, it can be difficult for many family business owners to set aside a short amount of time to speak with a seasoned estate and business succession planning attorney.
A serious illness, a disabling injury or the untimely death of a small-business owner can leave loved ones in a tail spin over how to manage the company. Family dynamics often play a strong role in small-business succession planning. For instance, some family members have little association with the business, finding their own paths in life.
Our Knowledge And Experience Will Guide You Through Complex Decisions
Determining who should take over a business and who should inherit other assets to participate in your legacy can involve difficult decisions. The compassionate lawyers at Zapolis & Associates, P.C., in Mokena can guide you through the process efficiently to produce a solid estate and business succession plan that addresses your unique family dynamics to maintain harmony for your family in a difficult time.
Often establishing a cost-effective trust can solve issues to ensure that the business continues to run without disruption in case a disabling event occurs, as well as provide a mechanism to transfer control and inheritance rights should you pass away unexpectedly. Business succession planning for small-business owners is as important as personal estate planning. Just as an estate plan can protect your family from conflict, a detailed business succession plan can help you to decide the best course of action for your business.
Get Started On Your Business Succession Plan With A Free Consultation
At Zapolis & Associates, P.C., we tailor each plan to achieve the unique goals of each client. Our lawyers will get to know you and your business. We take the time to understand the dynamics involved to help you to create a plan that serves you and your family’s best interests. To arrange a no-pressure, free consultation, send us an email or call 708-390-8936. Weekend and evening appointments are available by request. We serve families and business throughout Northern Illinois.