Business Succession Planning
Every business has a life-cycle based on its employees, and every business, especially small businesses, need a succession plan. A business succession plan is essentially an estate plan for your business. It facilitates the orderly transfer of your responsibilities in a business to a successor, who must have the knowledge and skill to take your place. Unlike corporations, small businesses and partnerships without solid succession plans often fail when the owner or a senior-level partner retires, becomes incapacitated or deceased. At The Law Offices of Zachary Moffett, we understand the importance of this endeavor and can help prepare our clients for the exit of their involvement in a business due to changing interests. You should begin business succession planning at your earliest convenience. Contact us at the Law Offices of Zachary Moffett for a complimentary consultation.