Business Succession Planning

While Fraser Stryker’s Business Succession team understands that the operational demands of running a business can be all-consuming, we appreciate the vital role that succession planning plays in ensuring the long-term survival of a company. Comprehensive business succession plans not only ensure the continued leadership of a company, but also help to protect your business’s future by preserving assets, ensuring tax efficiencies, minimizing disputes, and making sure final wishes are realized once upon retirement or unexpected passing.

Practical Advice for Your Long-Term Business Goals

With years of experience counseling business owners on leadership transitions, our Business Succession Planning attorneys can assist in formulating an effective, pragmatic path to reach your goals for the future ownership and management of your business. Our attorneys have extensive knowledge in business law and estate planning and can guide you in implementing techniques such as drafting buy-sell and shareholder agreements, and establishing ESOPs or voting trusts to provide a smooth transition of ownership when the time comes.

A detailed succession plan manages disputes and prevents confusion amongst stakeholders by having an agreed-upon exit and/or transition strategy for all owners, shareholders, partners, or key members well in advance. For family-owned or closely held businesses, a clearly-defined business succession plan preserves family harmony while also safeguarding your family’s interests in the business.

Complete Planning Services

Knowing that ownership in a business is not only a job but an asset of an individual’s estate, we provide counsel on effective strategies as part of your complete estate plan, helping you structure the succession plan to minimize estate taxes and uncover ways to provide for others who will not be involved in the business. Because of our multi-disciplinary approach, attorneys from many practice areas, such as corporate, tax, and employee benefits, work as a team to design a comprehensive plan to meet specific business objectives and make sure the business you built continues to thrive long after you have left the helm.