Business Succession Planning
Whether or not you are ready to transition out of your business tomorrow or are looking down the road 20 years, exiting your business involves careful planning. Owners may benefit from providing employees with phantom stock or profit sharing agreements, structures allowing you to transfer ownership interests to employees over a drawn out period of time. Owners looking to sell their business will need assistance negotiating sale agreements and consulting agreements.
Asset Protection Planning
The essence of a good asset protection plan involves adding layers of protection, minimizing the risk that various creditors can find and take your hard earned business or individual assets.
The attorneys of Waltz, Palmer & Dawson, LLC have assisted numerous clients in successfully transitioning out of their current business, or protecting their assets through careful, structured planning. We look at the immediate structure in place and help you achieve your specific asset protection goals by devising a new structure tailored to your needs. Such structure may include updating an existing estate plan or working with your accountants to provide a structure that will minimize any adverse tax effect. The attorneys of Waltz, Palmer & Dawson, LLC work hard to anticipate and address unexpected issues and protection loopholes.
Should you have any questions about business succession planning or any other laws that may affect your business, or would like to schedule a free initial consultation, please contact Waltz, Palmer & Dawson, LLC at (847)253-8800 or contact us online.
Waltz, Palmer & Dawson, LLC is a full-service law firm with various areas of service to assist your business, including: Employment Law, Intellectual Property, Commercial Real Estate, Business Immigration, Litigation and general Business Law services. Individual services include Estate Planning, Wills and Trusts, Probate, Guardianship, Divorce and Family Law.
This article constitutes attorney advertising. The material is for informational purposes only and does not constitute legal advice.
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Waltz, Palmer & Dawson, LLC
3701 Algonquin Rd. Suite 300
Rolling Meadows, Illinois 60008
Phone: (847) 253-8800