Business Succession Planning

Starting and growing a business is an evolution, and planning for its future is just as important as building it. At THK, we focus on understanding each client’s unique personal and professional goals to develop a thoughtful and effective exit plan. Since 1997, our succession planning attorneys have helped owners of closely-held and family-managed businesses make a smooth transition to retirement while preparing for the implications of a sale or transfer.

Key Steps in Succession Planning

Start early. Succession planning takes years, not months. Owners who hope to retire should begin the succession planning process at least 5 to 10 years before their anticipated retirement.
Involve your family. Open the discussion and get clear on the personal feelings, ambitions, and goals of everyone involved. These conversations can be emotional but are essential for a successful transition.
Seek experienced legal counsel. Professional guidance can help you be realistic about who has the interest and capabilities to continue the business.

Plan for the Future with Confidence

A good succession plan can ensure that you have the funds to retire and that the business you’ve built continues to thrive in the hands of the next generation.

THK’s business attorneys have a long-standing reputation for helping business owners plan for the future with confidence and clarity.

Call 574.232.3538 for an appointment to discuss your business exit plan options and retirement strategies.

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

Business Succession Planning

Key Steps in Succession Planning

Plan for the Future with Confidence

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