Business Succession

Chicago Business Succession Planning Attorneys

Is your business at a turning point? Can you identify the next generation who will take over? Our attorneys will help you set up a succession plan to ensure continued growth and a smooth transition.

Our lawyers at Griffith & Jacobson, L.L.C., have extensive experience in business transitions. We can craft a business succession plan that will minimize taxation and financial complications and provide asset protection during an orderly process.

At Griffith & Jacobson, L.L.C., a Chicago business law firm with 50 years of experience in Chicago, Illinois, we provide affordable, efficient legal solutions to your business succession planning and business and commercial law needs.

Contact Griffith & Jacobson, L.L.C. by clicking Contact Us, or call (312) 236-8110 to schedule a free initial consultation with a business succession attorney.

Whether you have a corporation, limited liability company, a sole proprietorship, a limited partnership, a family or closely-held business, the wealth you worked so hard to create in your business may be trapped or lost if you do not have an appropriate exit strategy. Is your business prepared to continue without you and your key personnel? We will help you set up a succession plan to help your business continue to grow, keep your business operating in your absence and lay the foundations necessary to ultimately realize the highest value possible of your hard work when the time is right.

Keeping Your Business Intact

You have run your business your way—no computers, deals done by handshake. That is fine if you are there to run things 24/7. But people age as their businesses grow. If it is all in your head, you may be hampering your business's success should you suffer a sudden health reversal. Don't put your business at risk.

Managing the Transitions

It can be difficult to transition a family or closely held business to certain members of your family or transfer your business from your family members to a skilled and loyal outsider. Our lawyers will coordinate your business succession plan with your overall estate plan to spell out succession matters and avoid disruption of the business.

The next generation is not always willing to undertake your businesses. So you may be considering bringing on board a junior partner. You may want to keep control and manage the business while you bring in younger people who have the energy to work late nights and chase down new customers. You should define your exit strategy and have a written agreement to allow you to ease the transition and transfer the reins so the business can be re-energized.

Call us at (312) 236-8110 so we can help you with the legal realities and practical choices that can protect your business and provide for its continued success. Contact Griffith & Jacobson, L.L.C., today by e-mail or at (312) 236-8110 for experienced, skilled legal counsel for all your business succession needs.