Succession Planning

Seattle, Washington, Succession Planning Lawyer

Many family-owned and closely held businesses are handed down from one generation to the next. At Jeffery L. Carey, P.S., we have been helping Seattle area business owners with succession planning issues for more than 30 years.

Attorney Carey helps business owners work through the emotional, family, and business issues associated with the intergenerational exchange of a business. He provides experienced, thorough, effective and efficient legal services to clients from a variety of business backgrounds. For an initial consultation, call 206-467-6947 or contact us online.

Experienced Succession Planning Lawyer

When planning for the intergenerational transfer of a business, the first step is to understand that business succession planning is a process, not an event. We work closely with our clients to identify the current business owner’s objectives. Do you want to retire right away, or have a transition period? Do you want the business to buy you out? Do you want the children to purchase the business, or do you want to gift it?

Each method of business transfer has benefits and disadvantages. We provide objective information that lets our clients make informed decisions in succession planning. In addition, we work closely with our clients’ accountants as well as their financial planners, and bankers to ensure each aspect of a business transfer is properly managed.

Working with Families

Handling family business transitions often involves handling the dynamics of the family. How do you decide who will control the business? Since there are often significant emotional issues involved in transition planning, we routinely bring in a facilitator to deal with family issues while we concentrate on the practical legal issues, such as tax issues, insurance issues and management issues.

We also work with families on the transfer of business control and business assets in probate court.

Business succession planning is an important part of any estate plan. Our firm strives to help our clients secure their legacy by developing a succession plan that provides for the continued operation of businesses they have spent years building.

Contact our Seattle Business Succession Planning Lawyer

If you are a business owner and need assistance with family business transition planning, please contact Jeffery L. Carey, P.S. We can be reached by phone at 206-467-6947 or you can contact us online.