Business Succession Planning

At the Zamary Law Firm in Cincinnati, Ohio, our attorneys provide legal counsel to closely-held companies and professional organizations. As part of that counsel, lawyers from our business law and medical group practices work closely with our estate planning practice to provide comprehensive business succession planning services.

Business succession planning is a rewarding field of practice. It is our goal to see that a business our client has nurtured during the client’s working years makes a smooth transition to the next generation of management and ownership while providing for our clients’ retirement. Many of our clients are preparing to pass family businesses on to their children and grandchildren. Others intend to pass control and ownership to partners using buy-sell agreements. 

Our clients often approach business succession planning with preconceptions about their options. Our attorneys have extensive experience in complex estate planning and asset protection. In addition to that legal expertise, they have practical knowledge of business operations and the sensitivity to identify critical and unique aspects of each situation.

The best solution for a client planning on passing control and ownership of a family farm or business to family members over time may be the establishment of a family limited partnership (FLP) or limited liability company (LLC). Another client may need to work with partners or other shareholders to establish a buy-sell agreement. A third client may be looking for an outside purchaser. We design carefully tailored solutions for each client.

The early stages of business succession planning are critical. If you would like to arrange an initial consultation, please contact our Cincinnati office. Our lawyers will work with you to define your goals, identify significant aspects of your unique situation, and explain your alternatives.

Related practice areas: business law, estate planning, probate and estate administration, probate litigation, charitable trusts and foundations, wills and trusts, gift and estate taxation, employment law, mergers and acquisitions, and medical group representation