Business Succession Planning And Family Wealth Transfers
Cox Padmore Skolnik & Shakarchy is a multidisciplinary law firm founded on the desire to provide growth-oriented legal services for local, national and international entrepreneurs. Our attorneys are invested in our client’s success from the formation of a new business venture through daily business transactions to the preparation and execution of an effective business succession plan.
Meet Your Estate Planning Needs, Wherever You Are
With offices in New York City, Denver, Great Neck, and Hackensack, we are well positioned to serve business clients throughout the United States and worldwide, including Asia, Latin America, Europe and the Middle East. Contact us to schedule a consultation to discuss your business succession planning objectives with a skilled lawyer.
Minimizing Uncertainty In Business Succession Planning
Without a comprehensive business succession plan in place, the transition of business ownership after the death, retirement or departure of a key operator of the business, can hinder the growth and success of the business. Our comprehensive business succession planning services are tailored to provide for a smooth transition while limiting disruption to the flow of business. Focused on asset protection and business preservation, our business succession planning services include:
- Negotiating and drafting buy-sell agreements that set forth specific procedures for the succession of a business, including setting specific occurrences that cause the agreement to activate.
- Creating a family limited partnership or limited liability company to facilitate the transfer of shares and other business interests to family members or heirs with minimal tax consequences.
A Comprehensive Range of Services
In addition, our business succession planning services include addressing potential exit strategies, business restructuring, and mergers, acquisitions or sales, particularly intra-family sales. When necessary, CPS&S advises clients on planning for the valuation, transfer or disposition of intellectual property assets of the business. CPS&S also provides a full-service estate planning and administration practice that can facilitate any other estate planning needs of business professionals.