Transfer of Family Business
McManus Estate Planning LLC works with business owners to draft business succession plans. We want to help each business owner ensure that the family business, which she or he spent so much time and effort to build, will pass to the appropriate people when the time comes.
Buy-sell agreements, stock redemption agreements, and business-continuation agreements are common documents in this field. We typically recommend a review of existing contracts, employment agreements, non-compete contracts, and the structure of the business itself.
Business succession plans set the structure and provide terms for the disposition of a business in the event of the owner’s withdrawal from the business, retirement, disability, or death. McManus Estate Planning LLC will work with the business owner’s independent business, tax, and financial advisers so that the succession plan meshes with the owner’s estate.
If you own a business and do not have a business succession plan, contact McManus Estate Planning LLC to create one.