Business Succession Planning
Ohio Business Succession Planning Lawyers
James E. Arnold & Associates, LPA, is a Columbus, Ohio law firm that also serves the Cleveland, Cincinnati, and Dayton areas. We are adept at the complexities of helping our clients with business succession planning.
The future of a business is never certain, however we can guide you in the steps you can take to ensure that a business lasts. A business succession plan is crucial to your company’s longevity and success. You may want your business to remain in your family for generations, or you may want to sell the business and retire, or key personnel may have a desire to rise to management or ownership of the company. Regardless of your ultimate objective with your business, we can provide advice and a variety of tools and strategies to bring your goals to reality.
We take the time to understand your goals and fears regarding the future of your business. Relationships with family members and employees are an especially important dynamic to understand and navigate in any business transition. Leadership identification, development and training, as well as family business councils and advisory boards can help with these matters. We have experience in handling these personal issues in addition to the legal ones in implementing a succession plan that will be successful.
If your intention is an exit strategy, we can provide assistance there as well. James E. Arnold & Associates, LPA has represented numerous individuals and businesses with sales to other owners, employees, and third parties, including strategic buyers and private equity groups. Whether you choose to pass your business down to the next generation or sell the business, we can provide advice to help you minimize the taxes that each option brings.