Business Planning and Succession

Experienced Advice from a Business Planning and Succession Attorney

Business and Succession Planning involves making decisions concerning the future of your business and transitioning ownership and/or management control to another management group, other family members or perhaps key employees. DeChello Law Firm has the knowledge and experience to help develop a successful business or succession plan. Our New Haven attorneys have extensive knowledge and experience in the areas of corporate and business law, gift and estate tax law, trust and estate law and have developed successful strategies for transitioning management and ownership

At the DeChello Law Firm, we leverage extensive business planning and succession planning experience to support owners throughout Connecticut. We are sensitive to the emotional and family issues that are inherent in a change of control and we always strive to develop a group dynamic that provides incentives for all parties to be happy with the plan developed before, during and after implementation of the plan. Our focus is on our client, and providing a solution that best meets the needs of our client.

Detailed Business Planning Advice

Creating or refining your business plan can be a complicated process involving a wide range of documentation and legal processes. We work collaboratively with your accountant and financial advisors to provide comprehensive business and estate planning advice that is designed to help you protect your legal interests, which at the same time is sensitive to creating a plan that promotes harmony among all participants.

Strategies we employ to achieve these business and estate planning results include:

  • Reorganizations to create voting and non-voting interests
  • Preferred stock or LLC membership interest valuation freezes that do not participate in the growth in value of the business
  • Stock or LLC membership interest gifting plans, taking advantage of minority interest discounts
  • Redemption Agreements or Cross Purchase Agreements
  • Use of Trusts to protect younger generations against future divorce or claims of creditors
  • Shareholder or business owner management or voting agreements
  • Insurance Funded or Installment Sale Buy-Sell Agreements

Comprehensive Business Succession Guidance

Most importantly, after we help develop and implement the plan, we are prepared to offer advice via regularly scheduled updates to ensure that we maintain the plan to meet the continuing needs of our clients in light of changes that may occur in the business or economic environment, tax law, or personal or family situations.

To learn more about business or succession planning, or to discuss your specific needs, call 203-234-2225 or contact us online today.