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Business Succession Planning to Secure Your Legacy

You've built a successful business through years of dedication and hard work. Now it's time to think about its future—and yours. At Harry J. Brown, PLLC, we help business owners create comprehensive succession plans that ensure business continuity, protect your legacy, and maximize value during ownership transitions.

 

Whether you're planning for retirement, preparing for unexpected events, or structuring the transfer to the next generation, our succession planning services provide the legal framework for a smooth transition.

Comprehensive Business Succession Services

Ownership Transfer Strategies

We develop customized strategies for transferring business ownership, including:

✔ Family succession planning

✔ Sales to key employees or third parties

✔ Employee Stock Ownership Plans (ESOPs)

✔ Gifting strategies and estate planning integration

✔ Recapitalizations and reorganizations

Business Continuity Planning

Prepare for unexpected events with plans that ensure business operations continue smoothly:

✔ Emergency succession provisions

✔ Key person contingency planning

✔ Temporary leadership structures

✔ Crisis management protocols

Buy-Sell Agreements

These essential documents establish terms for ownership transfers in various scenarios:

✔ Triggering events (death, disability, retirement)

✔ Valuation methods

✔ Funding mechanisms

✔ Payment terms

✔ Rights of first refusal

Leadership Development Planning

We help you create legal frameworks to support:

✔ Gradual transition of management responsibilities

✔ Mentoring and training programs

✔ Authority delegation structures

✔ Performance metrics and milestones

The Importance of Succession Planning

Without a formal succession plan, your business faces significant risks:

  • Family conflicts over business control and direction

  • Loss of key customers and employees during transitions

  • Reduced business value and unfavorable sale terms

  • Tax inefficiencies and unnecessary liabilities

  • Business failure after an unexpected owner departure

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Our Succession Planning Process

1. Assessment: We analyze your business structure, key personnel, and long-term goals.

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2. Strategy Development: We create customized succession strategies aligned with your objectives.

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3. Documentation: We draft comprehensive legal documents to implement your plan.

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4. Funding Analysis: We review insurance and financing options to support your succession plan.

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5. Integration: We ensure your succession plan coordinates with your personal estate plan.

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6. Regular Review: We periodically update your plan to reflect business changes and evolving goals.

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When to Start Succession Planning

The best time to begin succession planning is well before you need it. Consider starting the process if:

  • You're within 5-10 years of your desired exit date

  • Your business represents a significant portion of your wealth

  • You have family members or key employees interested in taking over

  • You want to maximize business value for eventual sale

  • You're concerned about business continuity if something happens to you

Why Choose Harry J. Brown for Business Succession Planning

1

Integrated Approach

We coordinate succession planning with estate planning and business strategies.

2

Experience With Family Businesses

We understand the unique dynamics of family succession.

3

Tax-Efficient Strategies

We implement approaches that minimize tax impacts during transitions.

4

Collaboration With Advisors

We work with your financial planners, accountants, and business consultants.

5

Clear Implementation Roadmap

We provide actionable steps, not just theoretical plans.

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Ready to secure your business legacy? Contact Harry J. Brown today to begin planning for your company's future.
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