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Day-to-day operations
Without a plan
No one has authority to sign, pay payroll, or access accounts until a court acts.
With the Business Succession Plan
A named successor manager steps in immediately.
What happens without a plan
What happens to a business without a plan
What the plan includes
What your Business Succession Plan includes
01
Operating agreement or bylaws review
We update the documents that control who takes over.
02
Buy-sell agreement
Sets the price and terms for buying out an owner who dies or leaves.
03
Assignment to your trust
Your ownership interest held in your trust, outside probate.
04
Business power of attorney
Someone can act for the business if you are incapacitated.
05
Successor manager plan
Who runs the business, written down.
06
Entity setup, if needed
We form or restructure an LLC to protect you.
Questions
Common questions
Every family is different. A 15-minute call with a licensed attorney answers the rest.
Can my business go into my living trust?
Usually, yes. We assign your LLC interest or shares to your trust, subject to your operating agreement.
What if I have partners?
A buy-sell agreement protects everyone. It can be funded with life insurance so the buyout is affordable.
What if none of my children want the business?
The plan can direct a sale, with proceeds going to your family.
Do I need an LLC?
If you don’t have one, we will tell you whether forming one makes sense for liability and succession.
Keep your business running, no matter what.
In 15 minutes, a licensed attorney will tell you what your family needs and quote the flat fee in writing.