At some point, integral leaders are no longer part of a company, whether they leave, retire, or pass away. When this happens, daily operations can quickly become disorganized without a plan in place.
A business succession plan ensures things transition smoothly whenever a leader leaves a company, so your business minimizes risks, disruptions, and costs associated with the loss.
Typically, these plans outline who will take over the business, what the transition period looks like, how assets will be divided, and whether the business should be sold or gifted.
The Soares Law Firm knows these matters can be legally complicated, so we take the time to understand your business’s needs and carry out your plans.
