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Business Succession Planning

Business Succession Planning Tyler

Tyler Business Succession Panning Attorney

You want to ensure that your business has a future, and creating the right succession plan will put your company in the right hands after you step away. A Tyler business lawyer will know your options and explain everything clearly so that you can make the right choice for the long-term success of your company.

Your lawyer will be able to negotiate and facilitate a structured buyout, or establish family limited partnerships, if you feel either of those choices is right for you. If you are thinking about gifting your business, your attorney can identify potential tax consequences before you make any final decisions.

The Business Law Attorneys at Lindsey Birdsong, PC understand how important your company is to you, and will help you make choices that will leave your business in the best position possible.

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Work with an Experienced Business Law Attorney

Lindsey Birdsong, PC can provide you with the personal attention your business needs and deserves, with exceptional legal experience and a strong familiarity with business law.

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How a Tyler business lawyer can help.

If you are outlining your business succession, you may also want to consider estate planning, since these topics can overlap. When it comes to your assets, you want to make sure your business and personal finances are in order, and your lawyer can help you draft your complete will, detailed trusts or durable powers of attorney.

You will want to avoid probate with your estate, as a court-supervised process of determining the value of your assets, paying your bills and taxes, and distributing your remaining funds will take much longer than having these processes prearranged. Your Tyler business lawyer will be able to speak to you about strategies to avoid probate, like setting up a revocable living trust, pay-on-death accounts and joint ownership of property.

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