Pass Along Your Dream To Those You Love
We Know What It’s Like
It has taken your guts, savvy and sheer determination but you have done it:
Your business is a success.
You have weathered the market swings, outshone the competition, and kept your customers more than satisfied.
Your achievements have enabled you to take care of and protect your family.
But... what happens if the unthinkable happens?
Statistics Don’t Lie
According to a recent national survey, 25% of family business shareholders who are entering their senior years have not completed any estate or succession planning other than writing a will. But succession planning for a business owner involves much more than just deciding how your assets will be split up after you pass away.
At the most basic level, a succession plan is a documented road map for partners, heirs and successors to follow in the event of your death, disability or retirement.
Your succession plan can include a valuation of your business, a program for distribution of business stock and other assets, debt retirement schedules, life insurance policies, buy-sell agreements between partners and heirs, division of responsibilities among successors, and any other elements that affect your business assets.
This Essential Report Demonstrates How The Building Blocks Of Your Business Set You Up To Perform – Our Gift to You
LIFT your business to the next level with solid Legal, Insurance, Financial and Tax foundations + a trusted advisor to guide you.
Where Do You Start?
In the succession planning process, you must first clearly establish your goals and objectives, along with your company’s current human and financial resources.
How much control of your business do you want to maintain? Is there someone capable of running the business when you step down? Are there key employees who must be retained? Are there sufficient assets to pay any estate tax, equalize the estate and keep the business operational? How much money do you need to reach your financial goals?
While the clarification of your goals and wishes is important, it alone is not enough. You also need to communicate your vision with your family, business partners and key employees.
This is where we come in.
We guide you to develop a business succession plan that ensures everyone you love – from your family, to your clients, to your team – will continue on with ease and love after you are gone.
We help you protect everything you have worked so hard to create and ensure what you created continues to grow for many generations to come.
No Time For Expensive Business Mistakes
Learn the 6 common mistakes families and small business owners make when hiring an attorney, and how to make the smart and loving choice for your family and business.
Enter your first name and best email address and we'll send you the free report to educate, inform and empower your choices.
Law Offices of Scott Lynett, PLLC
310 Penn Ave.
Scranton, PA 18503
Recent Blog Post
DISCLAIMER: No information you obtain from this website or its content is legal advice, nor is it intended to be. You should consult an attorney for individualized advice regarding your own situation. No attorney-client relationship is intended or formed by your viewing this website or downloading and using the content, forms, tips or information kits found on this website. No attorney-client relationship is intended or formed without a fully-executed, written agreement to enter into such a relationship. Client testimonials or endorsements do not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.