Business Succession Planning
For most business owners, the principal concern when their business is in its developing stages is growing that business and reaching profitability. While business development is critical, it is also important for business owners to make sure they have a detailed plan in place for transferring ownership and control in the event of death, disability, retirement or another eventuality.
Whether you would like to pass your business on to the next generation, or sell it to a key group of employees, our Michigan business and estate planning attorneys can help you prepare a customized plan to effectuate the seamless transfer of ownership and control of your business.
Some of the following are tools to assist in this transition:
- Buy/Sell Agreements
- Deferred Compensation Plans
- Phantom Stock Plans
- Family Limited Partnerships
- Grantor Retained Annuity Trusts
- Defective Grantor Trusts
- Irrevocable Life Insurance Trusts
- Charitable Remainder Trusts
For more information or to set up an appointment to speak to one of our attorneys, please call Curtis, Curtis & Brelinski at (517) 787-9481, email firstname.lastname@example.org, or complete our online contact form. Based in Jackson, we serve clients throughout mid-Michigan.