Think Legal, P.C. provides businesses with a single resource to address various business and legal concerns at every stage of business operation. We help clients create, grow, acquire, manage, and protect their assets. We provide our clients with a well-rounded and cost-effective approach to business succession planning.
Why Do Business Succession Planning?
To prevent insiders who retire or are no longer active in the business from continuing to hold shares; to provide continuing ownership and control to the remaining shareholders; to prevent shareholders from selling to other shareholders to disturb existing control/financial allocations; to provide an assured market for the shares (and thus, liquidity) on a shareholder’s death, retirement or withdrawal from the corporation; and to establish the shares’ value for federal estate tax and gift tax purposes.