Determining who will succeed you when you pass away should be part of your business planning procedure. In order for the successful transition of a company to successor owners, as stated in your estate, one must plan in advance and legally document their intentions.
In the U.S a vast majority of business operators fail to name their successors and plan for their businesses’ eventual succession, leading to restricting delays and frustrations. If you don’t want this to happen to your family and business partners it is a good idea to come up with a legal succession plan, as a part of your estate planning and business planning process.
As the business operator it is in your best interest to begin the succession planning process while you are still healthy and continue to be active within your businesses’ day-to-day operations. This can be especially important if you wish to pass your business on to your family members.
Even if your business is small having a pre-established succession plan documented may be beneficial and help to assure the continuation of your company after you pass away.
To Find Out More About Succession Planning and Estate Planning Contact the Law Offices of Ronald R. Webb today!
Contacting San Diego Attorney Ron Webb
If you are looking for advice about Succession Planning we have the skills and legal resources to aid you. You can contact our legal firm to schedule a consultation at any time. We provide extended hours that include evenings and weekends for your convenience, meeting you in your home or in our offices by appointment.
The Law Offices of Ronald R. Webb is dedicated to providing innovative, client-centered representation throughout San Diego, including the communities of Del Mar, La Jolla, La Mesa, El Cajon, Spring Valley, National City, Kearney Mesa, Encinitas, Carlsbad, Oceanside, San Marcos, Escondido, Rancho Santa Fe, Vista, Solona Beach, Coronado, Ocean Beach, Hillcrest, Mission Valley, University City, Del Sur, Rancho Bernardo, Rancho Penasquitos, La Costa