Using Succession Planning To Protect Your Business
After spending years building your business and making it a success, you should take steps to ensure that it can continue to succeed after you are gone. Business succession planning allows you to provide guidance over who will run the company and other important decisions.
At Batson Nolan PLC, our business and estate planning attorneys can help you develop a succession plan that will protect your hard work. Our firm’s business experience positions our attorneys to provide the guidance you need to protect your business now and in the future. With convenient office locations in Clarksville and Springfield, we can assist clients throughout Tennessee and Kentucky.
Ensuring The Security Of Your Business In The Future
A business succession plan ensures that your business can continue to operate in the case of your incapacitation, death, business divorce, property division or retirement. If you share ownership of your business with your spouse, it is particularly important to have plans in place in case of a divorce.
A comprehensive business succession plan can include many elements that address the needs of your business, including:
- Deciding who gets the company
- Transferring ownership to someone outside of your family
- Setting and dividing business responsibilities among different people
- Determining leadership roles
- Guidance on the future of the business
Our attorneys at Batson Nolan PLC have multifaceted experience assisting clients in the areas of business and corporate law, family law and estate planning. Our experience gives us a unique advantage and allows us to help our clients develop plans that consider multiple areas of their lives. We will work with you to thoroughly examine your business, listen to your concerns and advise you on your legal options.
Contact Us To Schedule A Consultation
While no one wants to think about a time when they leave their hard work to someone else, business succession planning can help give you peace of mind. To learn more about our business and estate planning services, call us at 931-650-5484 or send us an email to schedule a consultation.