Planning For The Future Success Of Your Business

If you own or operate a business in South Carolina, you are well-acquainted with business plans. However, many business owners fail to establish business succession plans, a vital step to passing ownership to a new buyer, remaining co-owners or future generations.

At The Conner Law Firm, our attorneys have over 10 years of experience helping professionals, farmers and other business owners establish succession plans in Darlington County and the surrounding areas. If you are transferring a family business to relatives or anticipate inheriting a business that has been in your family for generations, it is important to have a business succession plan or ascertain whether one has been or will be established.

What Is Business Succession Planning?

Business succession planning is very similar to transferring accumulated wealth and assets - such as real estate - to family members through estate planning. Similar to estate planning, identifying the assets and establishing a plan regarding how to transfer those assets to the chosen successor are important to the process.

The best time to establish a business succession plan is when you first acquire or start up your business. Our lawyers can assist you with every aspect of business law you may encounter as you grow your business.

Experienced Tax Planning Help In Hartsville, Florence And The Surrounding Areas

When you buy, sell or otherwise transfer a business, you must also consider the various tax implications. It is important to have an experienced tax professional guide you through the succession planning process. With specialized training in taxation, The Conner Law Firm can help.

Contact us online or at 843-639-4302 for all your business law questions and legal needs. We want to be your legal counsel for the generations.