Business Succession Planning

Every business owner, regardless of age, should have a plan of succession in place for his or her business. Just as individuals prepare estate planning documents for distribution of their personal assets, so must owners of small businesses create a framework for succession in the event of his or her death, disability or retirement.

At Dalton & Herlehy, we recognize that there are many different ways to convey ownership interest in a company. In some cases, succession comes in the form of a transfer of interest to a child or grandchild, while in others it involves selling a business to a third-party. We work with clients in finding and implementing the best succession tool for their circumstances.