We can help you pick a business entity form that offers liability protection and ease of transfer. We can help structure your ongoing business operations to provide clarity for anyone taking over the leadership roles. We can work with your financial and tax providers to assist you in analyzing the next stages of transferring your entity, and help with gifting or sale options. We can also help you coordinate streamlining business entity ownership for simplifying transfers through your estate plan.
Part of this planning includes understanding what happens both during life and after death. During life, you can prepare strong business documents (operating agreements/bylaws) and personal documents (durable powers of attorney, including special limited powers of attorney for business purposes) that make certain your business is managed appropriately, with limits placed with respect to who can own and control the entity. Your Will or Revocable Living Trust can assist with transitioning assets at your death in any manner you prefer.