Business Succession and Tax Planning - Memphis Attorney

Planning and Extending Your Business' Legacy

Sooner or later, every business owner must leave the business he or she created. Business succession planning lets you take control of that process, so it isn't left to lawyers, or via government statute, but according to your wishes (including taking care of a surviving spouse, equalizing the estate to children who do not work in the business and those who do). An attorney with the right kind of experience can make sure your hard work is protected.

Lawyer John R. Windsor Jr. has practiced law since 1991 and has earned a Masters Degree in Taxation. He offers experienced, knowledgeable services and counsel for clients with both simple and complex business succession matters.

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At the Windsor Law Firm in Memphis, Tennessee, we provide legal guidance related to all aspects of business succession planning. Our goal is to facilitate an orderly and affordable transfer of your business to the next generation or to a key employee. Contact us online or call (901) 680-0101 to schedule a consultation.

Planning For a Positive Future

We will work with you to discover your objectives and develop the best possible plan for the succession of your business ownership interest. This may involve transition to family members or inside key employees, it may involve dissolution, or it may simply involve creating a plan for you to exit from the business.

We will discuss your time frame for the transition, the various parties involved in the process, as well as any financial requirements you may have. We will take the business's financial status into account and determine the most tax efficient way of transferring assets.

Succession planning often encompasses additional areas of our practice including estate planning, probate, and business transactions.

Options for Business Succession

When you are preparing to exit from your business, multiple options for succession exist in addition to transferring ownership within your family.

It is important to draft a comprehensive buy-sell agreement and other necessary documents to deal with the challenges that may occur during the life a business. These agreements should be reviewed by an experienced attorney, at minimum, every two to three years to ensure they reflect the current state of your business arrangement.

For more information, please see Attorney John R. Windsor Jr.'s Blog on Business Succession Planning: Business Exit Lawyer

Contact Our Office Today

For experienced assistance with business succession planning, This e-mail address is being protected from spambots. You need JavaScript enabled to view it to schedule an appointment by calling (901) 680-0101. We accept major credit cards, including Visa, MasterCard, American Express and Discover