A Business Succession Planning lawyer Washington, D.C. community members rely on at Eric Siegel Law has been providing legal counsel to those in the DC area for many years. We have thorough knowledge of business succession and litigation and are here for your legal needs. If you have or are involved in a business, it is important that you think about what may happen if things change in the future. Business partners may eventually disagree, and maybe you want a certain loved one to take over your business in the event of your passing. These are both examples of what we can handle, among many other business-related situations.
Why You Need a Business Succession Plan
Most businesses are family-owned, whether it be a large enterprise or a small operation. There may be tax implications and consequences that can happen during a transfer of succession, regardless of the business size. You can help yourself avoid these roadbumps through having a plan for easy business transfer. You may choose to transfer this business to your spouse, partner, family member, close friend, third party, or other entity.
You can establish this plan without legal guidance, however, it is highly discouraged that you do so. Writing your plan and not having a lawyer look it over can be devastating in the event that succession needs to happen. Even well-intentioned people may write a business succession plan that is not binding or reliable. A business litigation lawyer Washington, D.C. families depend on can help you by:
When Dissolution Needs To Happen
There may come a point where a business dissolution must happen. There are various types of dissolution, which entail involuntary dissolution, voluntary dissolution, contested dissolution, and agree dissolution. We can guide you through each step of the dissolution process. We have briefly defined each type of dissolution below:
Call Eric Siegel Law Today
By consulting with a member of our team, you are putting your best interests first. We are ready to take your call and offer counsel immediately. Call Eric Siegel Law to speak with a Washington, D.C. Business Succession Planning lawyer as soon as possible.