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Succession Planning

Our team of highly knowledgeable and experienced business lawyers provide Business Succession Planning for small businesses, closely held corporations, individuals, and families throughout North Carolina and South Carolina. We assist with all aspects of Business Succession Planning to ensure business continuation while optimizing value for the business owners and encouraging family harmony.

We work closely with our clients to review all important corporate documents necessary for a successful business continuation plan. It is critical that all the business documents and agreements be fully integrated with the Wills, Trusts, and Powers of Attorney of all the business owners.

Important Business Planning Documents May Include:
  • Entity Formation Documents
  • Ownership Ledgers
  • Operating Agreements
  • Shareholders Agreements
  • Buy-Sell Agreements
  • Life Insurance Policies
  • Escrow Agreements
  • Redemption Agreements
  • Corporate Books
  • Corporate Bylaws
  • Board Meeting Minutes

We provide Business Succession Planning and personal planning services to integrate all your business interests, family estate planning goals, strategic tax needs and retirement plan objectives. Succession planning is an investment in the future of your business and family. By establishing and maintaining a comprehensive succession plan, you are maximizing the value of your business with or without you in the business. A business continuation plan communicates your commitment to your business’s long-term growth, creating confidence with your customers, suppliers, employees, and owners. Our team of business attorneys work with you to design and implement a business succession plan to preserve, optimize, protect and transfer assets to the desired persons before a crisis occurs.

Business Continuation Planning is a Team Approach

Successful business continuation planning involves the counsel of independent professionals who contribute objectivity, specialized skills, and experience. Our legal team works closely with experienced skilled financial planners, accountants, and bankers dedicated to assisting business owners in maximizing the value of their business and reaching their retirement goals. Once a succession plan has been established, it is necessary that the succession plan be periodically reviewed and updated as circumstances change.

Business Plan for Success

Business succession plans address in detail how changes in ownership, control and management are to be executed. Since each business owner’s concerns are unique, we work closely with our clients to identify goals, objectives, concerns, and optimal solutions. Business Succession Planning and wealth transfers require extensive knowledge and expertise. Multi-generational business planning requires experienced legal and tax planning techniques as well as a thorough understanding of the human dynamics involved in the management, control, and ownership of the business as well as intra-family matters. We work closely with our clients to develop a succession plan to avoid ownership and control disputes among family members and shareholders in the event of a business owner’s retirement or death. Once a plan has been developed and approved, our attorneys work closely with each client to implement those goals in a timely, cost effective and value added manner.

Our Business Succession Law attorneys at Danica Little Law, PLLC serve clients in Charlotte, Southpark, Ballantyne, Waxhaw, Huntersville, Lake Norman, Mooresville, Concord, Gastonia, Belmont and other areas in Mecklenburg County, Union County, Cabarrus County, Iredell County, Gaston County, and in North Carolina and South Carolina.

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