Business Succession Planning

Shareholders’ and Partners’ Buy-Sell Agreements and Exit Planning Strategies:

Effective coordination of the transition of your business to your successors is critical for the continuity and preservation of the business once you decide to remove yourself from the company’s day to day operations.

Our business continuation and exit strategies combine income tax as well as gift and estate planning considerations.

We can assist you in developing a strategically sound plan that will facilitate continued success for the business, while at the same time maximize the ultimate payout to the retiring party for his interest in the business by providing:

  • Shareholder or partnership agreements in conjunction with estate and/or business planning.
  • Implementation of the most efficient exit strategies for senior ownership from a estate, gift and income tax, financial, business and practical perspective.

For an article that explores some of the basic considerations for family businesses see Exit Planning: Family & Small Business Succession Planning.

To see some of the key provisions that need to be included in any buy-out agreement review Exit Strategy For Owners: Key Non-Tax Contractual Provisions.

For an example of using gift giving techniques and tax strategies involving family owned businesses read Gifting Shares of Stock in A Bad Economy that was published in the Journal of Accountancy.

Our many years of experience in tax and legal business planning allow us to draft the appropriate documents to address the complex issues of any business continuation plan.

1420 Walnut Street Suite 300
Philadelphia, PA 19102

Telephone: 215-735-2336

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From their offices in Philadelphia, PA, the law firm of Steven J. Fromm & Associates, P.C. provides a full range of estate planning, probate and estate administration, tax, business and corporate legal services to clients throughout eastern Pennsylvania and the Delaware Valley, the Lehigh Valley Area, the Five-County Area, Bucks County, Delaware County, Montgomery County, Chester County, Philadelphia County, Berks County, Lehigh County, Lancaster County, York County, Harrisburg, Norristown, Doylestown, Media, West Chester, Allentown, Lancaster, and Reading.