If you currently own and operate a successful business, you may be wondering what you are going to do with it after you retire, or pass away. Many entrepreneurs tend to focus on the beginning stages of business development, and tend to forget to plan for the final stages too. Thankfully, there are experienced business estate planning attorneys in Houston, like Tim Sutherland, and he can help you create a plan for your company’s future. Perhaps you wish to sell your business, or keep your business in the family- regardless of your wishes, it’s important to have a solid business succession plan in place.
There are many different factors to consider, when approaching a business estate plan, and Tim will help you make a customized strategy to minimize liability and tax penalties, while maximizing your peace of mind. In the transfer of ownership, it’s critical to protect your intellectual property (IP), avoid probate, and effectively delegate responsibilities to new parties. With the right legal counsel, you can rest well knowing that all of your hard work will pay off in the end. When you want to have a say in what happens to your company, in a creative and personalized way, come to Sutherland.
Want to learn more about business succession planning in Houston? Reach out to our office today and ask for your consultation!