Phone: 561-338-7594
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Asset Protection AttorneyBoca Raton Business Succession Planning AttorneyBoca Raton Estate Planning AttorneyCharitable Trust RulesDefamation Lawyer Near MeElder Law Boca RatonLiving Will LawyerPower of Attorney Boca RatonPrivacy Lawyers Boca RatonProbate Attorney Boca RatonReputation Management LawyersRevocable Trust Vs. Irrevocable TrustSexual Harassment in the WorkplaceSexual Harassment LawyersSlander LawyersSocial Security Appeal AttorneySpecial Needs TrustWe don't want to think of ourselves as not overseeing a business we have built with our sweat and tears — but to be fair to our loved ones, employees, and clients, having a definite business succession plan in place should be as important as having a solid business plan. Even though 40% of family business owners were expected to retire by 2017, less than half had selected a successor, and 43% had no succession plan in place at all. The Berman Law Group specializes in Family Business Succession Planning in Boca Raton and throughout the state of Florida.
Preparing your business in case of your absence ensures that your company continues operating without you in the event of your death, illness, disability, retirement, or other life events. You can also state who you would like to place in charge of your business, or dictate that the company be sold and specify the terms of that sale — including the buyers' qualifications or disqualifications.
Our Boca Raton attorneys will advise you while taking into consideration the partners involved, your business legal structure, the liquidity of your business assets, and more. A family business succession planning model puts you in charge of what happens with your business after you are gone.
If your business is in Florida, keep in mind that Florida law considers ownership interest in a business personal property — your company or ownership shares will be transferred as part of your estate. Making these decisions now and making them legally binding can avoid arguments and power struggles later among heirs or between corporate partners and your heirs. You may also want to consider protecting your shares in the case of a divorce by scheduling a consultation with one of our attorneys.
Our business attorney can help you devise your estate and succession planning for small business owners as early as the creation of your new company. Your Boca Raton succession planning attorney can also help you navigate the state and federal laws that must be addressed to legally transfer your business to new owners when the time comes. Additionally, there are tax pitfalls and the possibility and cost of probate to consider — the future of your business, family, employees, and customers could be placed in limbo without a plan.
We are here at The Berman Law Group to ensure you are rightfully protected. We will do all of the legal thinking for you so you don't have to wonder how to create a business succession plan that works.
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Boca Raton Office: 3351 NW Boca Raton Blvd, Boca Raton, FL 33431. Phone: (561) 338-7594 • Fax: (561) 826-5201 Stuart Office: 789 South Federal Highway, Stuart, FL 34994. Phone: (772) 283-9200 • Fax: (772) 283-9229 Orlando Office: 37 North Orange Ave, Orlando, FL 32801. Phone: (407) 926-6610 Gainesville Office: 805 Northwest 13th Street, Gainesville, FL 32601. Phone: (352) 514-3791 • Fax: (561) 826-5201← Back to Boca Raton Law Firms • BocaRaton.com Home
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