Business Planning
When you visit us at 258 Genesee Street in Utica, NY, we’ll help you develop a customized business succession plan that ensures a smooth transition in the event of death, disability, retirement, or the sale of your business. Our focus is on preserving the company you’ve built and protecting your assets for the future.
Key services include:
-
Entity selection and formation — choosing the right structure for your business, whether it’s a corporation, partnership, or LLC.
-
Drafting and structuring Operating, Partnership, or Shareholder Agreements tailored to your business’s needs.
-
Creating and negotiating Buy-Sell Agreements to clearly outline the transition process in the event of an owner’s departure.
-
Reviewing and advising on existing business structures and succession plans.
A well-crafted succession plan safeguards not only the business owner’s interests but also the stability and future of their family, employees, and legacy.
Services
- Selection and Formation of Suitable Entity for a Company (Limited Liability Company, Partnership, or Corporation)
- Drafting and Implementation of Note Sale in the Transfer of a Company
- Drafting or Comprehensive Review, Analysis, and Updating of existing Buy-Sell Agreements
- Transfers of ownership interests in a Company to an Intentionally Defective Grantor Trust as part of the implementation of a Wealth Preservation Plan
- Drafting or Comprehensive Review, Analysis and Updating of existing Operating, Partnership, or Shareholders Agreement
- Consult and/or Review the funding of a Buy-Sell Agreement, including Analysis of the proper Insurance Coverage (Life, Disability, Key Man or other insurance coverage) for Business Owners
- Implementation, Review, and Updating of Business Succession Plans
- Consult and/or Review Tax and Financial Planning