Family Business Succession Planning
Long Island Succession Planning & Family Business Lawyers
A family business is special. If you own a family business, have you developed a plan to prepare for your retirement, illness or death? That’s where a lawyer experienced in Family Business Succession Planning can help.
The Long Island law firm of Solomon Richman P.C. is committed to helping you develop a succession plan for your business. Succession business planning is essential for family owned and closely held businesses. Executed properly, succession planning will enable you to smoothly transfer ownership and management of your company to its heirs or other successors.
Business succession planning means looking toward the future. This often entails the future of the company and the future of its heirs. Our attorneys are experienced at developing succession plans that involve children taking over the management of companies as well as succession plans that financially care for heirs but place the management of the company with others.
Business succession planning can be complex. However, if executed properly, it can:
- disinherit Uncle Sam
- minimize tax liabilities passed down to your heirs
- protect the strength of your company
- provide security for your heirs.
Call 516-437-6443 today to schedule a consultation with one of our Long Island Family Business Succession Attorneys.
