Estate Planning for Family Businesses
If you are the owner of a family business, regardless of the entity used to conduct that business, you owe it to yourself and to your loved ones to have a thorough business succession plan in place as part of a comprehensive estate plan. A business succession plan can clarify many different issues, including:
Who will run the business in the event of a disability or death
How to distribute your assets equitably among those children who are and those who are not actively involved in the business
How your interest in the business will be divided
As an experienced and knowledgeable lawyer, I add substantial value to the estate planning process by identifying and implementing sound business succession strategies.
The Knowledge and Experience Necessary to Meet Your Objectives
I am attorney Joe Gruner, founder of the law office of Joseph H. Gruner, P.C., in Tarrytown, New York. I bring a wealth of experience to clients who need to create business succession plans. With more than four decades of legal experience, I have played a prominent role in business formations, the purchase and sale of businesses, developing shareholders’ agreements, purchasing capital equipment, and many other aspects of running varied successful companies.
Proper preparation is vital to keeping your business running long term. If you die or become incapacitated without a business succession plan in place, the legal wrangling can result in your company’s demise.