Business Succession Planning

Every business owner, regardless of age, should have a plan of succession in place for his or her business. Just as individuals prepare estate planning documents for distribution of their personal assets, so must owners of small businesses create a framework for succession in the event of his or her death, disability or retirement.

At the Dalton Law Office, we recognize that there are many different ways to convey ownership interest in a company. In some cases, succession comes in the form of a transfer of interest to a child or grandchild, while in others it involves selling a business to a third-party. We work with clients in finding and implementing the best succession tool for their circumstances.