Business Succession

Business Succession

Business succession planning is a series of legal, logistical, and financial decisions about who will take over the business upon retirement, death, or incapacity. A well-crafted succession plan aims to benefit everybody—the departing owner, the business, employees, and the successor.

Whether you want to sell it, wind it down or pass it to your successor, Astria Law Group, PC can help you create the framework for this important future step. At every crucial point in the business’s life, we can help you prepare all necessary documents and provide step-by-step guidance as your trusted advisor. We have helped create successful succession plans that lay out:

  • Detailed succession timeline
  • List of potential successors, including strengths and order of consideration
  • Formalized standard operating procedures
  • Business’s valuation, and
  • How the succession will be funded

You spend a lifetime building a successful business. Let us help you plan for its triumphant succession.