Phone Number
email address

Blog details

What is Business Succession Planning?

What is Business Succession Planning?

Every business owner is heavily invested in the success and future of his or her business and usually, the business comprises a large portion of his or her estate, monetarily or emotionally.  How do you plan to exit your business if you die, suffer a disability or want to retire?  Do you want to ensure that your business will continue, and your employees are employed in any of those events?  Do you intend to sell your business to a trusted employee, a third-party or do you want to pass it to other family members?  Exit options include an outright sale, a gradual sale or perhaps even a lease.

Are you selling the assets of your company or the company itself?  Why would a buyer not want to buy the whole company versus only the assets of the company?

If transferred to a family member is the transfer accomplished through a sale to the family member or through gifting utilizing a family limited partnership or limited liability company.  Other options may include a sale to an intentionally defective grantor trust or other estate planning vehicles.  If the transfer is made to one family member over another, how do you ensure that your estate is equalized so that all your family members are treated appropriately?  Our business law attorneys can help with issues if you want to sell your business, transfer it to your family or employees or just ensure that it will continue in the event of your incapacity, retirement, death or disability.

Prev post
What is an ABLE Account?
April 18, 2019
Next post
What is Contract and Commercial Litigation
April 18, 2019
About Us

For more than 37 years, Weaver, Bennett & Bland, P.A. has helped individuals and businesses achieve success in their legal challenges, and we’re recognized as one of the most established and trusted law firms in the Charlotte, North Carolina area.  We’ve represented almost 22,000 clients over the last three decades with integrity and professionalism.

Contact Us
196 North Trade Street Matthews, NC 28105
Mon – Thur: 8:30am – 5:30pm
Fri: 8:30am – 5:00pm
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Additional information
  • Attributes
  • Custom attributes
  • Custom fields
Click outside to hide the comparison bar

Our Firm is Here to Help.
Contact us today!

Fill out the form to receive a case evaluation and a call back regarding your legal needs.