Ohio Business Succession Planning Attorneys
If you are a business owner, creating and building your business has been your life’s work, and you likely envision the business providing for your family into the future. Yet many smaller businesses do not survive a change in ownership, particularly if little succession planning has taken place. And while over ninety percent of American businesses are family-owned, fewer than thirty percent have a business succession plan in place.
Most people, when starting or building a business, don’t think about planning for a change in ownership down the road. Taking the time to do so, however, yields tremendous benefits in terms of both the business’s continued success, and peace of mind for the business owner and employees. Gudorf Law Group's experienced attorneys have assisted all types of small to midsize businesses, including:
- Accounting firms
- Medical and dental practices
- Tool and die shops
- Investment advisory firms
- Retail operations
- Construction companies
- Real estate developers
- Delivery companies
- Automotive suppliers
- Law firms
- Engineering firms
Ohio Business Succession Planning
Effective business succession planning is a process with multiple steps. Gudorf Law Group, offers business owners in the Greater Dayton area and throughout Ohio knowledgeable counsel and step-by-step assistance in business succession planning.
We help our clients clarify and identify their goals for their business. We also help our clients identify a successor and determine whether that successor is positioned to take over when needed. We focus on unique tax saving strategies and often times assist business owners access credit. We know that every family and every business is unique, so we make sure each of our clients unique goals are met by asking important questions such as:
- Is it important to the client that the business remain in family control?
- Will you depend upon income from the business to meet cash flow needs in retirement?
- Is the business appropriately valued?
- How do we correctly evaluate the liquidity of the business and its assets?
- How can we minimize the clients estate taxes?
Planning for the future of a business requires the help of attorneys with experience in business law, tax law, and estate planning. For over two decades, the attorneys at Gudorf Law Group, have dedicated themselves to protecting the work and wealth of Ohio business owners.
We invite you to contact one of our business succession planning attorneys for a complimentary consultation.