Santa Clarita Business Succession Planning Lawyer
Poole & Shaffery, LLP – Trusted Business Law Attorneys in Santa Clarita
The initial spark and drive required to start a business may not be enough to keep it alive and profitable as years go on. Founders and owners must begin to plan how to push their company's momentum in the far future by using business succession planning. At Poole & Shaffery, LLP, the firm's Santa Clarita business lawyers are well-versed in creating business succession plans that are individually crafted to a company's specific needs, goals, partnerships, and other governing aspects.
Business succession plans created by the firm generally include a few key phases:
- Review of current equity
- Business insurance analysis
- Trust creation or maintenance
- Drafting buy/sell agreements
- Creating compensation agreements
- Formulating employment contracts
A successful business owner will be prepared for the unexpected, such as new partners overextending their influence through inflated shares, or the passing of a prominent founder. With the Santa Clarita business law attorneys of Poole & Shaffery, LLP, obstacles can be addressed and overcome.
Contact the firm today to begin your business succession plan.
Promote Your Goals & Objectives
As a significant member of your company's board of directors, or the owner of a smaller business, your own goals and objectives should be respected and promoted, even after you have decided to no longer take charge of the business. Establishing a succession plan correctly and with Poole & Shaffery, LLP can allow you to set aside finances, carve a path of management priorities, and generally uphold your ideals as time goes on and your company continues to thrive. Business succession plans are also flexible to your needs and wishes, which may understandably change as circumstances change. If you create a plan for your business but would like to alter it years later, the firm's business attorneys can help you then as well.
Plan Today for the Future You Envisioned
Business succession is not a matter that should be trivialized or postponed. Take matters into your own hands by discussing business succession planning with the firm's Santa Clarita business lawyers today. If you work closely with other executives of your company, it may be beneficial to bring them to any initial meetings, or collect their own ideas through documentation. If you have any questions on how to begin a prosperous business succession plan, contact Poole & Shaffery, LLP without delay.