Sometimes it is difficult to think of your business going on without you. That feeling—that passion—you have for your business is the reason that planning for a transition in ownership is so complicated but necessary. Succession planning is the intersection of many disciplines, including legal, tax, accounting and financial. The collaboration and initiative required to successfully navigate through the process is where Lacy Katzen’s knowledgeable estate planning attorneys excel.
Who will take over? What does the business need now? And years from now?
In equal measure, our Rochester business succession lawyers consider not only the business itself, the financial security of the owners, and the potential successors, but the future success of the business and all its stakeholders in a continuously changing marketplace. Our knowledge of the law in areas such as estate and income tax planning, and our experience in dealing with emotionally sensitive challenges such as children with varying degrees of talent and interest in the business, spouses, second spouses and other family concerns, helps us take passion-filled situations and turn them into plans for long-term success. Contact us today to learn more about the estate planning process.