Business Succession

Whether your business is a start-up or you are preparing for retirement from small business management, as part of your overall vision, you need to have a succession plan in place. At Doster Guin, our attorneys provide sophisticated business succession planning services. Lawyers from our business law and estate planning practices, depending on the specific issues involved, may work together to design a business succession plan that provides a number of assurances:

• A smooth transition of ownership and control between generations or between partners
• A realistic retirement plan for principals and owners of closely-held companies
• Options for business dissolution or reorganization
• Preservation of a family business or family-owned land as a heritage
• Minimal tax liability during the transfer of business assets

Business succession planning can incorporate a number of devices and strategies, designed for asset protection and wealth preservation, including establishment of a family limited partnership (FLP), a living trust, or a life insurance trust. Our attorneys will provide comprehensive advice to a company's principals, including coordination of their personal estate plans.

If you would like to speak with one of our estate planning lawyers about business succession planning, or have a question for a member of our business law practice, please e-mail us or call our St. Louis/Chesterfield office (636.532.0042), our Collinsville, Illinois office (618.301.4060) or our Kansas City, Missouri, office 816.531.1888, to arrange a consultation.