Your comprehensive estate plan will include a business succession plan, which will work to protect your income, your business assets, your business partners and your beneficiaries from undue tax burdens, lawsuits and creditors. It will leave no questions about your intentions when you pass, and it will allow for your business interests and assets to transfer to your beneficiaries with minimal tax implications.
At Purcell, Krug & Haller, we will help you take advantage of the best available legal tax structures, continue to manage property and continue to direct investments. Our attorneys in Harrisburg or Hershey will help ensure that management and control of the business are passed into the right hands whether or not it is a family business.
Business Succession Planning And Asset Protection
That is what succession planning is all about. However, we fully understand that every business is unique and that the dynamics of every business are unique. We have guided clients throughout Pennsylvania in business succession planning for over 60 years, and we are well-versed in the techniques that will offer the greatest benefits to your customized plan.
As we work through the structure of your plan, we will discuss the benefits of:
- Limited liability companies (LLCs)
- Family limited partnerships (FLPs)
- Nonprofit organizations, charities and foundations
- S corporations
- C corporations
Restructuring your business may help you reach your near- and long-term objectives for your enduring legacy as well as safeguard your beneficiaries from liabilities and tax consequences.
Contact Purcell, Krug & Haller Business Succession Planning Lawyers
Please schedule a complimentary consultation with one of our seasoned estate planning lawyers by email or phone at 717-260-3485 or toll free at 866-586-6058.