Protecting Your Business Legacy
If you're like most business owners, your business is the most valuable asset you own. It supported you for your lifetime and now you would like it to continue to support your children and grandchildren.
The estate and trust attorneys of Avelino Nitkewicz LLP believe that estate planning for the business owner includes a plan for the seamless transition for the next generation of ownership. Our lawyers serve owners of closely held businesses in Summit, New Providence, Madison and other communities in north-central New Jersey, New York City and all of its surrounding suburbs.
Whether your goal is to keep the business in the family or protect your interests if a partner divorces, dies or retires, our lawyers can help you plan to prevent disputes that could result in the dissolution of your business.
Protecting the Business You Helped to Build
Without good succession planning, closely held businesses are vulnerable to creditors, lawsuits, divorce, partnership and ownership disputes. Our lawyers will carefully work with you to develop a succession plan that insulates your business from future disputes as much as possible.
Business succession planning encompasses several goals, such as:
- Minimizing taxation and liability through proper business formation
- Creating contingency plans through buy-sell agreements if a partner dies, divorces, is incapacitated or wants to sell
- Ensuring that your business flows to the people you want to have it
Our trust and estate lawyers go beyond traditional estate planning for the business owner by helping you protect your business from predators and creditors and preserve wealth for generations to come.
Free Lawyer Consultation
For more information about business succession planning or to schedule a free initial consultation with an attorney at Avelino Nitkewicz LLP, call 888-334-7310 or fill out the contact form on this Web site.
