Making Sure Your Business Is In Good Hands
Having a successful business is both exciting and stressful. While you may be able to provide for yourself and your loved ones, you should always be thinking about how to proceed if you are unable to guide the business yourself. Having a well thought out succession plan can do just that.
At The Peck Law Group, LC, we can help you and your loved ones through the process. As tax and business attorneys with over 30 years of combined experience, we can plan for both the legal and tax ramifications that come with stepping away from your enterprise.
Providing Smart Business Succession Planning Across Georgia
Business succession is simply the act of transferring ownership from one party to another. Typically, this involves either a death or a sale. In these cases, a smart succession plan can help you answer pressing questions, including:
- How will the successor choose to operate the business?
- How is the plan coordinated with the business’s current tax situation?
- What are the tax ramifications?
- Are there any limitations on succession?
We help business owners explore all the available options, from answering the simple and complex questions that arise to drafting buy-sell agreements and complex plans that address potential tax issues.
We also know that sometimes, the people who obtain a business may not want to continue operating it, or they may not have the expertise to keep it solvent. A smart plan can allow for the continuation of the business in a way that the business owner sees fit while complying with the law.
Begin Thinking About The Future. Contact Us.
Whatever your question or concern, a lawyer from The Peck Group, LC, will explain the situation, outline your options and help you understand what to expect. Schedule a free, half-hour consultation at our Atlanta office or over the phone: Contact us online or call 770-884-6914.