NYC BEST BUSINESS SUCCESSION PLANNING ATTORNEY
Morgan Legal Group PC
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 Firm Takes Pride In The Recognition We Have Received As One of the Top Industry-Leading Estate Planning Firms In New York"
Morgan Legal Group PC
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!
FAQ’S ABOUT BUSINESS SUCCESSION PLANNING
Questions And Answers
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?
Morgan Legal group PC
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.