Massachusetts Business Succession Planning Attorney

This is the image of the back of a woman turning over the sign in the window of her business that says "Come In, Were Open." The image is shared related to a Business succession planning for family business blog post

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.