If you own a business, large or small, it is important to have legal experts assist with the business plan or when you pass away. Do you plan on keeping the business and passing it down to family, or do you want the business sold and the proceeds to go to a specific are or person(s)? Regardless what your decision is, if you don’t have a business succession plan in place, things could get very messy and confusing for not only your family, but also any employee you may have. You may think that because you just have a small company with 10 or less employees your business will just automatically be passed along to your family, but that is not the case.
Business Succession Planning
To ensure your business will be preserved as you want it to be, adequate planning can is needed. This is where Paulen & Reissner, PLLC specialize!