A well-constructed succession plan for your business builds value, provides operational certainty, facilitates the transition and protects a legacy for future generations.
If you are a business owner contemplating retirement or a new venture, creating a succession plan requires the assistance of collaborative and experienced lawyers.
Farris regularly advises family-owned and other closely held businesses on the structuring and restructuring of their enterprises to achieve family goals. Collaboration with other practice areas in the firm, including real estate, tax and family law, allows us to build comprehensive solutions tailored to the unique situation.
Our lawyers assist in inter-generational transitions as well as transitions to outsiders and management in a broad range of industries and endeavours. We facilitate these transitions through corporate reorganizations, shareholder agreements, trusts, management agreements and other arrangements.