NYC Best Business Succession Planning Attorney
You pour your life into starting, growing and managing your business. As you work hard to keep your business driving in the right direction, it can be easy to lose sight of the long term — what will happen to your business after you are gone?
Business succession planning is a critical step that far too many business owners forego — and understandably so — but the expert attorneys at Morgan Legal can make the process simple and painless. Don’t let your business be left in the lurch if something tragic occurs. Call NYC top-rated business succession planning lawyers now.
Why Hire a Business Succession Planning Lawyer?
Running a business takes incredible effort, laser focus, and a wealth of attention to every detail. Any great CEO or business manager knows that as the business world gets more and more complex, living in the moment is more important than ever.
That is why a top-notch succession planning attorney can save you tremendous amounts of time and effort — not to mention protecting your business from state, federal, or competitor interference should something happen to you.
Make sure your business falls into the right hands after you’re gone
Let us worry about the future so you can focus on your business
Craft a detailed plan to avoid infighting or confusion among beneficiaries
Protect your assets and employees from penalties or seizures
The Morgan Legal business succession planning team has been helping businesses like yours transition ownership and management for years, and using every NYC law at our disposal to maximize those transitions for the RIGHT beneficiaries.
Our law firm has the highest wins ratio percentage among all other New York legal practices.
Creating a Formal Business Succession Plan
Even if you have a clear #2 waiting in the wings to take over your business, there are tons of small issues to consider which could have huge implications for your business long term.
What will your new management team look like?
How will organization-wide decisions be approved?
How will your lower level employees be impacted?
What tax and/or revenue share implications should you be considering?
Whether you have a team of 10 or a team of 10,000, a sudden loss or change of leadership can trickle down through the ranks quickly and leave your business vulnerable if you don’t have an iron-clad plan in place. Don’t leave your business at risk!
Great! But you’ll quickly find there are so many more things to consider:
• Maybe you have a loved one stepping in — but are there other partners or managers who will be affected and might disagree?
• Maybe you have co-owners who will buy you out — but how will they distribute your shares and how will your family be affected?
• Maybe a fellow entrepreneur is ready to step in — but will your employees be protected properly if the new owner decides to pivot?
The goal of succession planning is to set you up for long-term success. That means having a rock solid plan in place that everyone agrees upon, but not uprooting your day-to-day operations.
The process is fairly simple on your part. We simply meet with you, learn about your business, understand your goals and then our seasoned business succession planning lawyers will craft a tailored plan for you and your business. We handle the legal dirty work, you focus on your business.
Simply put, the proof is in the results. Time and time again we’ve provided unbeatable support for our clients and time and time again they have given stellar reviews. You don’t become one of the best business succession planning attorneys in Brooklyn by accident!
We take every measure to make our services affordable and keep your time and resources top of mind. We work fast, we do our diligence, and we work with you to settle on a budget that works for you. No matter what, we ensure that what you pay now pales in comparison to the costs your business will incur if you don’t have a proper plan in place.
Let’s Build Your Business Succession Plans
Now is the time to set yourself up for long-term stability should something ever happen to you. The world is unpredictable, and your business touches so many lives. Don’t put it at risk by failing to plan for the unforeseen.