Succession Planning for Family Businesses

Buying, Selling & Planning for Small & Medium-Sized Businesses

Planning for the future of a family owned business often is very difficult. Business owners must consider the dynamics of the family, of employees, the needs of the business and growth opportunities of the business. The Law Office of David Lacher represents businesses throughout Westchester County and the New York metropolitan area in purchases and sales of businesses as well as succession planning.

Succession Planning for Small and Medium-sized Businesses

As businesses grow and develop, it is important to create plan for their continued success. Often, the founder of a business wants to enable the business’ growth and maybe even sell it. Attorney David Lacher works with business owners to create effective succession planning strategies for businesses. He provides an opportunity for the founder to leave the business and creates a path towards success for the next generation who owns it.

Business Purchase Details

When a founder or current owner decides to sell a business instead of passing it down to another generation, The Law Office of David Lacher can help make sure the business purchase and sale agreement are accurately drafted. Whether the transaction will be a stock purchase deal or an asset purchase deal, an experienced lawyer must review every element of the business, including tangible and non-tangible assets. The firm’s due diligence includes careful review of:

  • Liabilities
  • Contracts
  • Outstanding claims
  • Equipment
  • Customer lists and relations
  • Providers and suppliers
  • Intellectual property rights
  • Patents
  • Trademarks
  • Licensing

Contact The Law Office of David Lacher

The firms works to make sure all aspects of the sale or succession plan are unambiguously outlined. Schedule an appointment with an attorney online or by calling 914.355.5900.

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