Virginia Beach Business Succession Planning Attorneys
Protecting Our Clients’ Investments & Hard-Earned Wealth
At TrustBuilders Law Group, our experienced lawyers know that your business won’t survive without an able owner or manager at the helm. That is why we are committed to using our extensive resources and knowledge of the law to help clients throughout the greater Virginia Beach area devise comprehensive succession plans so they are prepared for events like sudden death, illness, incapacity, and retirement. If you don’t want your family and business partners to be left scrambling to find a suitable replacement, then you need to reach out to our firm to get started drafting the legal documents you need to protect your best interests.
Benefits of Having a Business Succession Plan
The primary purpose of succession planning is to prepare business owners for every eventuality that might impact their operations and investments. You want to make sure that you have a plan in place for not only your heirs, but for unexpected occurrences that can greatly impact your business.
Some benefits of business succession planning include:
- Avoiding probate and lengthy legal disputes
- Establishing a monetary value for the business
- Reducing or eliminating estate taxes
- Selecting a business entity suited to your unique needs
- Providing for the transfer of business interests to partners
- Having a strategy for transfer expenses, taxes, and other expenditures
- Determine which parties will operate the business
Although business succession planning can be complicated, with our lawyers in your corner, you can feel confident knowing we will walk you through each phase of the legal process to ensure all of your concerns are addressed.
Draft a Customized Business Succession Plan
The primary purpose of succession planning is to prepare business owners for every eventuality that might impact their operations and investments. With our guidance and legal counsel, we come up with a smart strategy for passing on the leadership roles in the company and ensuring the transitions go smoothly.
We can walk you through all the necessary steps for a thorough business succession plan, such as:
- Selecting a successor
- Setting goals and objectives for your business
- Communicating your plan to stakeholders or family members
- Contingency planning in the event of death or disability
- Exit strategy and timeline
- Tax planning
- Business valuation
- Retirement and estate plans
Reach out to us today to discuss which legal documents you need for the eventual transfer of your business.
A Family Name That You Can Trust
The Buxton Family has been serving greater Hampton Roads in law or medicine for over 100 years. We are a 5th generation family committed to supporting the local community. Let our family legacy help build your family legacy.
A Price You Can Afford
TrustBuilders Law Group takes pride in offering modern estate planning at affordable prices. Our plans are prepared at a competitive, value-based flat-fee so you will never have to worry about hourly rates surprise bills.
A Staff With Experience and Credentials
TrustBuilders Law Group has one of the most experienced legal teams in the area. In addition to over 100 years of combined experience, we are the only firm in Hampton Roads with both a Master of Laws in estate planning and Certified Elder Law Attorney on staff.
A Plan With Your Goals in Mind
TrustBuilders Law Group specializes in creating custom estate plans that focus on your wealth preservations goals. Unlike many boilerplates seen in the marketplace, our documents are state specific, tailored to your needs and contain cutting-edge solutions.