Massachusetts Business Succession Planning Attorney

Business succession planning for family business

For business owners, small or large, estate planning is intricately tied into business succession planning.  We present options and structures to family-owned businesses so that a future divorce, untimely death or incapacity, or another potentially disruptive event can be planned for and mitigated.  We are involved in all aspects of business succession planning including:

  • Buy-sell and cross-purchase agreements between co-owners
  • Counseling around gifting of business interests to family members
  • Establishment of family partnerships and holding companies for minimization of estate and gift taxes.
  • Exploring charitable or non-charitable gifting in advance of a sale to a third party to minimize income, estate, and gift taxes.

Whether the long or short-term plan is to sell the company to a third party or to transfer the business to the next generation, we can assist in formalizing such plans and integrating it into your estate plan.