Succession Planning

Succession Planning in Northern Virginia

Every entrepreneur who has started more than one company will tell you that you must have an exit plan. For the majority of entrepreneurs, that exit plan is either to transfer the company to the next generation or to sell the company. Both paths require advance planning in order to build value and protect the wealth built up in your company. Argent Place Law supports your Succession Planning in the following ways:

  • Strategic Planning to build the value of your company well before you want to sell
  • Negotiating and drafting letters of intent and the contract of sale
  • Amending the operating agreement or bylaws to permit transfers of interest under well-defined conditions
  • Employee Stock Options
  • Leveraged buyouts
  • Drafting your will and trusts to protect your biggest asset
  • Take advantage of close corporation discounts when transferring interests in small family owned business
  • Company dissolution and winding up