At DiPietro Law Group, PLLC, we serve business owners in Annapolis by helping them prepare for the unknown and contribute to the future stability and success of their businesses. We can help you brace for the uncertainty of the future by helping you do the following:
- Choose a business successor
- Minimize tax liabilities
- Soften the financial blow of leaving the business by using life insurance
- Drafting and finalizing purchase or sale agreements to be used by partners and other owners
- Create a plan for how your business will be run and who will run it in your absence (whether your absence is permanent, temporary, or uncertain)
- Decide how ownership of your business will be divided among your descendants, family members, and heirs
We recognize that there are many other issues that need to be addressed in any enforceable business succession plan, and our firm has the knowledge, talent, and experience to help you make yours airtight. Let us put your mind at ease by working with you to address all of the what-ifs and potential conflicts that may arise when it is time to hand over control of your business. Get a head start today by connecting with one of our business succession lawyers in Annapolis.
Call (410) 220-6784 to speak to a member of our legal team and schedule your initial consultation.
How to Protect Your Business & Preserve Your Assets
Even if you suddenly or unexpectedly become incapacitated, you can still have control over what happens to the fruits of your labor and the business you have worked so hard to build. We can help you explore ways to make sure your business (your largest asset) is protected and kept in your family, if you wish this to be the case.
There are several ways you may wish to make this happen, including:
- Naming a successor who will take over in your absence and resume control of your business
- Putting your business in a living trust
- Formulating purchase and sale agreements that protect your best interests
- Putting your business in a grantor-retained annuity or income trust
- Putting your business in a grantor-retained unitrust
The right solution will depend on the nature of your business, the person you name as your successor, and the obstacles your business may face in your absence. Our Annapolis estate planning attorneys know what it takes to help you create a plan you are satisfied with, and we are prepared to help you begin today.
Send us a message to schedule your free consultation with an estate planning lawyer in Annapolis.