Business and Personal Succession Planning

Changes of ownership are a challenge for any business, but doubly so for closely held businesses. Many family-owned businesses do not survive transitions between family members. That is often because of poor planning and assessments of future generations’ interest in maintaining the business. And it is incredibly hard for business owners to review all of their business and personal matters objectively when they are juggling their business goals and personal relationships while planning for the future.

Dunlap Bennett & Ludwig’s wealth management lawyers help private, manager-owned, and family-owned businesses create their business and personal succession plans. Our goal is to help you preserve your business’s value and create greater predictability for the generations to come.

Our experience with business and personal succession planning

Dunlap Bennett & Ludwig’s wealth management lawyers have extensive experience in succession plans for businesses and business owners. Our lawyers have helped companies transition their business between family members and through reorganizations. We have counseled businesses regarding tax compliance, compensation strategies, employee stock ownership plans (ESOPs) and other equity-based compensation, and mergers and acquisitions. We also assist business owners protect their personal assets through advice on best corporate housekeeping practices.

Our law firm has also worked on every aspect of personal succession planning for business owners, including trusts, annuities, and gifting arrangements. We have also helped business owners conduct valuations, draft and negotiate buy-sell agreements, plan exit strategies, and plan for the disposition of stocks and other business assets.

What we do