BUSINESS SUCCESSION PLANNING

 

It is a truth that business owners often prefer not to confront: every company should be structured so that it will continue under succeeding generations of ownership.

Business succession planning is more important than ever. It is absolutely critical that a business owner’s wishes—whether included in a corporate resolution, buy/sell agreement or even last will and testament—address the commercial law issues inherent in determining who will run the business after they are gone.

 

Business Succession Planning in the age of the COVID-19 Coronavirus

The Nissenbaum Law Group provides business succession planning. In a variety of circumstances. This representation involves such items as

  • defining who would take over running the day-to-day affairs of the business if the person in charge were out of commission for any length of time;
  • putting in place the basic corporate formality documentation, as well as planning for such items as the conveyance of underlying real estate and making provision for key-man insurance; and
  • integrating the business succession protocols with the estate planning for the business principal(s).

Our firm focuses on the commercial aspect of these items and will generally function as part of a team involving the accountant, insurance broker and the business principal’s estate counsel.

Looking for advice?

We're here to help.

Contact the Nissenbaum Law Group to schedule an appointment at 908-686-8000 or feel free to use the following form to e-mail us. Please include as much information as you can to ensure that we are able to handle your request as quickly as possible.

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Looking for advice?

We're here to help.

Contact the Nissenbaum Law Group to schedule an appointment at 908-686-8000 or feel free to use the following form to e-mail us. Please include as much information as you can to ensure that we are able to handle your request as quickly as possible.

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OFFICE LOCATIONS

MAIN OFFICE

2400 Morris Avenue

Union, NJ 07083

P: (908) 686-8000

F: (908) 686-8550

140 Broadway

46th Floor

New York, NY 10005

P: (212) 871-5711

F: (212) 871-5712

1650 Market Street

Suite 3600

Philadelphia, PA 19103

P: (215) 523-9350

F: (215) 523-9395

100 Crescent Court

7th Floor

Dallas, TX 75201

P: (214) 222-0020

F: (214) 222-0029

PLEASE NOTE Meetings by appointment only in Union, NJ; New York, NY; Philadelphia, PA & Dallas, TX offices. Legal services generally performed from the Union, NJ office. The firm has attorneys licensed in New Jersey, New York, Pennsylvania, Texas and/or the District of Columbia. In limited circumstances, the firm may practice in other states under the prevailing multi-jurisdiction rules or through pro hac vice admission.

 

ATTORNEY ADVERTISING. Any questions regarding this website should be directed to Gary D. Nissenbaum, Esq. (gdn@gdnlaw.com), who is responsible for the content of this website.

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