Business succession planning is the general process of winding down your involvement and ensuring its continued operation. It can be as simple as selling your business to a third party or a gradual process involving a corporate reorganization and orderly transfer of control to the next generation. For instance, an estate freeze is common tax planning technique used to freeze the value of your shares and transfer any future increase in the value of a business to the next generation. As part of an estate freeze, control in the corporation can be retained or transferred to the next generation.
With expertise in both corporate and estate planning, Burshtein law is well suited to assist with business succession planning.
The following are some business succession planning services that we provide: