Preparing An Exit Strategy That Protects Your Legacy
Few entrepreneurs dedicate as much time to planning their exit strategy as they do to starting up their business. Creating an exit strategy or succession plan may not be as exciting as bringing a new product to market; however, it is important to have a plan in place well in advance.
If your strengths lie in running and developing your business, Frisina, LLC, can help you design an effective succession plan that protects your professional and personal legacy. Our attorneys are experienced with business and commercial legal matters. We have helped Ohio businesses identify solutions to issues at every stage of the business life cycle.
WHY IT’S CRITICAL TO HAVE A SUCCESSION PLAN
Like estate plans, succession plans are most effective when they are designed years in advance. Failing to plan can be deadly to an otherwise healthy business. Because you don’t know what your future holds, it’s never too early to meet with one of our attorneys to discuss your plans and concerns.
Whether you have your retirement date scheduled or are examining your options, we are able to advise you on the approach that best suits your circumstances.
We facilitate all aspects of:
- Buyouts to a third parties
- Asset liquidation
- Transitioning ownership to family members, partners, employees or other stakeholders
- Entity wind downs
We are also able to draft, negotiate and revise a variety of contracts and documents required to facilitate the succession process, including:
- Buy-sell agreements
- Intra-family loans
CONCERNED ABOUT YOUR BUSINESS’S FUTURE AFTER YOU RETIRE? TALK WITH US TODAY.
Reach a knowledgeable succession attorney when you email our Cleveland firm or call 440-600-1992. Whether you have questions about private annuities, family limited partnerships or other succession strategies, we have the answers you need. Contact us today.