For family-owned and closely held companies, transitioning from one owner to another can involve many complications. A failure to adequately address these issues can jeopardize the success of a transition, and it can even lead to a company’s failure. With a sound business succession plan in place, you can give your company the best chance for success in the years to come. An attorney will be instrumental in creating a business succession plan.
For years, companies throughout Michigan have placed their trust in Driggers, Schultz & Herbst. Whether you intend for your family to continue operations or plan to sell your company to a third party, our Michigan business succession lawyers can achieve your objectives.
Ensuring The Smooth Transfer Of A Family-Owned Business Or Closely Held Company
Because our law firm concentrates much of its efforts on both business and estate planning issues, we are well-situated to consider and implement appropriate business succession strategies. Our attorneys will work closely with you to identify your immediate and long-term needs relating to the valuation of your company, transitioning ownership, taxation and other pressing issues.
In family-owned companies, it is common for one child to continue operating the company, while other children may not be involved in the company’s operations. Our law firm can create a plan that facilitates this transition while treating other family members equitably. Whatever your needs, our lawyers are skilled at structuring the smooth transition of your company.
Contact Our Firm
Based in Troy, our lawyers represent businesses across the state. Call 248-649-6000 or complete our online contact form to schedule a consultation.