Business Succession

Business Succession

How To Succeed With Succession

A business succession plan is the estate plan for your company. It outlines how you would like your investment in the business handled, at the time you or other principals in the business leave.

Important Criteria

What will happen if you want to leave to pursue other options? Who will manage the firm if you are no longer capable? What will happen to the company if you should die?

The lawyers at Starr Gern, Davison & Rubin P.C in NJ, help business owners sort through their options and create a plan that meets their needs and goals. Do you want equity out of the company, so you can start a new venture? Will you be passing the family business down, as part of your legacy to your children?

We can take the proper measures to ensure your wishes are documented

We review the potential taxation, liability and business ramifications for you and any intended beneficiaries. We also address the impact on your spouse and children.

Mapping Your Exit Strategy

We can help you create an exit strategy for your business. The most opportune time to consider business succession planning, is during the start- up phase. Our attorneys discuss this option during the business formation stage.

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