Are You Ready To Safeguard Your Business Interests?
If you own and operate a business, succession planning is essential. Business succession planning involves expressing your wishes about who you wish to run or own your business when you retire, if you suddenly become incapacitated or when you die. Even if you are not ready to retire yet, it is never too soon to begin thinking of successors to extend the lifetime of your business.
Attorney Gregory J. Logan provides trusted guidance and legal representation for business transactions, business planning and business succession planning in Louisiana. He provides knowledgeable counsel and aggressive strategies for commercial litigation. Greg is one of only a few select attorneys in Louisiana who are board-certified specialists in estate planning and administration by the Louisiana Board of Legal Specialization as approved by the order of the Supreme Court of Louisiana.
You may also contact Greg if your family has recently experienced the death of a loved one who owns or operates a business. Call The Logan Law Firm, LLC, in Lafayette at 337-283-4008 for assistance.
Providing For Contingencies Is Good Business Practice
Many business owners have already addressed succession in their business plan. If you are just starting up a business, this is important to keep in mind. If you have an existing longtime business and have not addressed this critical matter, now is the time.
The process of business succession planning involves:
- Identifying who or what entity you wish to take on the operations of your business
- Creating a catalog or an inventory of assets and debts
- Determining the current and projected valuation of your business
- Addressing potential tax matters
You can also implement your preferred means of communicating the succession when it occurs with your family, business colleagues, employees and customers. When you build a business succession plan, you steer your business in the direction of your choice.
Speak With Attorney Gregory J. Logan Today
Greg can help you establish a family business as part of your estate planning process. He provides discerning business owners throughout Louisiana with legal counsel, advice and individualized representation for securing their business interests and transactions. Greg is also a highly skilled trial attorney for resolving commercial disputes in court.