BUSINESS SUCCESSION PLANNING

Summary

Service Type

Business Succession Planning

Provider Name

Dilendorf Law Firm,

Dilendorf Law Firm,New York,New York-10004,
Telephone No.212.457.9797

Area

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Description

Take control of the future direction of your business with a business succession plan. For a confidential consultation with an experienced estate planning lawyer in New York, contact Dilendorf, PLLC. After hours visits are available.

For more information about our Business Succession Planning services,

please contact Dilendorf Law Firm by sending an email or calling us at 212.457.9797

Very few “family businesses” are actually family businesses. Statistically, less than a third of hair salons, restaurants, and other nonpublic corporations make it from the owners to their children. Less than half that number make it to the original owners’ grandchildren. Adding “and Son” to the business name changes nothing. Legally, upon the owner’s death, other existing shareholders assume the deceased owner’s share, or the share passes according to estate planning laws.

This instability is often devastating. If employees learn of the ownership dispute, which they almost always do, morale might sink and many might leave. Additionally, a person utterly incapable of running the business might assume control of it.

The New York estate planning lawyers at the Dilendorf Law Firm work with you to craft a solid plan which avoids these problems. Our team has years of experience in this area. So, we understand the need for continuity, the need for competent leadership, and the need for your wishes to be respected. Therefore, we use proven methods to ensure that you make the necessary decisions, even if you are physically unable to do so in person.

ATTORNEYS' EXPERIENCE

Represented a fashion start-up as general counsel in connection with various legal matters – joint ventures, agency agreements, new partnerships, signing new designers, re-structuring and corporate governance, setting up incentive compensation plan for employees, intellectual property matters, including registering trademarks and handling licensing arrangements

Real Estate COVID-19 Tenants Qualified Opportunity Zones Commercial Acquisitions Residential Transactions Foreign Investment Financing 1031-Exchange Transactions Commercial Leasing Real Estate Tokenization Residential Transactions Real Estate Fund Formation Foreclosures Property Tax Lien Defense

VC & Corporate Crowdfunding VC Qualified Opportunity Funds General Counsel Services Tokenized Funds Due Diligence Fund Formation Venture Capital Transactions Private Placements Start-ups

International Private Client Trusts & Estates Planning Closely-Held Business Pre-Immigration Tax Planning International Tax Planning Luxury Assets EB-5 Green Cards Foreign Investments in U.S.

Blockchain & Crypto STO Launch DeFi Reg. A+ STO ATS Platforms Broker-Dealer Registration Money Transmitter Licensing New York BitLicense Digital Security Offerings Stablecoin Issuance Bitcoin Planning Tokenized Funds Crypto Tax Planning & Compliance NFT Launch Crypto Escrow DAO Formation & Governance Whistleblower Service

Blockchain Litigation Partnership Disputes Service Provider Disputes Enforcement Action Defense Investor Representation / ICO Fraud

Intellectual Property Trademarks Copyright IP Agreements IP Due Diligence Patents

Asset Protection Domestic Self-Settled Trusts Dynasty Trusts Cook Islands Trusts Medicaid Planning LLCs, LLPs and Corporations Irrevocable Life Insurance Trusts Foreign Asset Protection Trusts Domestic Asset Protection Trusts Wyoming Asset Protection Trusts

Business Counsel Business Planning & Formations General Counsel Contracts Acqusitions International Foreign Investments in U.S.

Estate Planning Dynasty Trusts Wills and Estates Domestic Self-Settled Trusts Living Trusts Irrevocable Trusts Estate & Gift Tax Planning Cryptocurrency Estate Planning Business Succession Planning Health Care Proxies Powers of Attorney Medicaid Planning

Tax Planning Estate & Gift Tax Planning Tax Structuring and Due Diligence Tax Levies & Liens IRS Offers in Compromise Tax Appeal and Tax Settlements Tax Planning for Business and Startups

Customs & International Trade Imports Tariff Classification Customs Valuation Country of Origin Determination and Marking CPTAT/Supply Chain Security Admissibility Requirements FDA, CPSC, DOT, USDA and Others Currency Seizures Copyright and Trademark Custom Audits

Business Litigation Contract Disputes Partnership Disputes Whistleblower Actions Employment Litigation COVID-19 Related Litigation Intellectual Property Disputes (Infringements)Mediation

Buy-Sell Agreements

These plans are good for family-owned businesses where sons, daughters, and other younger family members are already involved in the enterprise. These plans also assume that, in the owner’s opinion, these family members are ready, willing, and able to assume more responsibility.

Existing shareholders or employees have a chance to increase their ownership percentage, typically through buying, selling, or otherwise exchanging shares.

Buy-sell agreements usually involve an intricate valuation process. Someone with authority must determine the fair market price for a share. Generally, at the Dilendorf Law Firm, we partner with accountants and other professionals during these evaluations.

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