Business Succession Planning

Full-Service Law Firm Headquartered in DuPage County

Business succession planning requires an understanding of estate planning tools and business strategies. At the Chicago area law offices of Momkus McCluskey, LLC, our attorneys have extensive experience handling both business law matters and estate planning concerns.

Contact our offices today to schedule a confidential consultation with an experienced lawyer.

A Team Approach to Handling Business Succession Planning

Our attorneys take a team approach to handling business succession planning matters, pairing attorneys who work primarily on business law matters with those who focus on estate planning. We work closely with our clients to craft legal plans that work with their individual goals.

When a business owner wants to keep the business in the family, we can effectively integrate business succession planning into an individual's estate plan. When the goal is to transfer ownership to an outside company, we can prepare the company for the changes and guide the business through the transition. We can then help the owner effectively incorporate the assets into a new or existing estate plan.

We understand the tools for business succession planning, and we can use these tools to reach the results that our clients seek.

The Importance of Effective Planning

Effective business succession planning is one of the most important things a business owner can do. Proper business succession planning can:

• Facilitate the continuity of business operations in the event of death or retirement;
• Reduce the risk of familial disputes related to business ownership and control;
• Protect the assets of the business;
• Provide business owners with control over the direction of the business, even after they are no longer involved in day-to-day operations; and
• Minimize taxes.

Plan ahead to protect your interests, and to provide appropriate familial and corporate incentives to make your plans work. Contact our offices through e-mail or call us at (630) 434-0400 today to discuss business succession planning concerns with an experienced lawyer.