Virginia Beach Business Succession Planning Lawyer
Securing Your Business Legacy in Virginia Beach & Hampton Roads
At TrustBuilders Law Group, our experienced lawyers know that your business won’t survive without an able owner or manager at the helm.
That is why we are committed to using our extensive resources and knowledge of the law to help clients throughout the greater Virginia Beach area devise comprehensive succession plans so they are prepared for events like:
- Sudden death
- Illness
- Incapacity
- Retirement
If you don’t want your family and business partners to be left scrambling to find a suitable replacement, then you need to reach out to our firm to get started drafting the legal documents you need to protect your best interests.
Are you a Virginia Beach business owner? Secure your business's future today. Call us or contact our succession planning attorneys online now.
Understanding Succession Planning for Virginia Beach Businesses
The primary purpose of succession planning is to prepare business owners for every eventuality that might impact their operations and investments. You want to make sure that you have a plan in place for not only your heirs but for unexpected occurrences that can greatly impact your business.
Key Advantages of Effective Succession Planning
Some benefits of business succession planning include:
- Avoiding probate and lengthy legal disputes
- Establishing a monetary value for the business
- Reducing or eliminating estate taxes
- Selecting a business entity suited to your unique needs
- Providing for the transfer of business interests to partners
- Having a strategy for transfer expenses, taxes, and other expenditures
- Determine which parties will operate the business
Although business succession planning can be complicated, with our lawyers in your corner, you can feel confident knowing we will walk you through each phase of the legal process to ensure all of your concerns are addressed.
Custom Business Succession Strategies in Virginia Beach
With our guidance and legal counsel, we come up with a smart strategy for passing on the leadership roles in the company and ensuring the transitions go smoothly.
Our step-by-step approach to a solid business succession plan includes:
- Selecting a successor
- Setting goals and objectives for your business
- Communicating your plan to stakeholders or family members
- Contingency planning in the event of death or disability
- Exit strategy and timeline
- Tax planning
- Business valuation
- Retirement and estate plans
Reach out to us today to discuss which legal documents you need for the eventual transfer of your business.
Ready to plan for your business's future? Call (757) 500-5135 or contact us online to schedule a consultation with TrustBuilders Law Group.
Visit Our Virginia Beach Law Firm
TrustBuilders Law Group is a family-owned and operated law firm with a talented team of reliable and efficient legal professionals who are committed to helping clients acquire the estate planning tools they need to protect their families and legacies. For more than 35 years, TrustBuilders Law Group has proudly guided clients in all matters involving the accumulation, preservation, and transfer of their wealth. Let us put our skills to work for you today.
To schedule a free case consultation with a legal professional at TrustBuilders Law Group, please give us a call at (757) 500-5135 today.
Meet Your Dedicated Legal Team
Combining Over 100 Years of Estate Planning Experience
Learn Why People Have Trusted Our Firm for Decades
Committed to Our Community-
A Family Name That You Can Trust
The Buxton Family has been serving greater Hampton Roads in law or medicine for over 100 years. We are a 5th generation family committed to supporting the local community. Let our family legacy help build your family legacy.
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A Price You Can Afford
TrustBuilders Law Group takes pride in offering modern estate planning at affordable prices. Our plans are prepared at a competitive, value-based flat-fee so you will never have to worry about hourly rates surprise bills.
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A Staff With Experience and Credentials
TrustBuilders Law Group has one of the most experienced legal teams in the area. In addition to over 100 years of combined experience, we are the only firm in Hampton Roads with both a Master of Laws in estate planning and Certified Elder Law Attorney on staff.
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A Plan With Your Goals in Mind
TrustBuilders Law Group specializes in creating custom estate plans that focus on your wealth preservations goals. Unlike many boilerplates seen in the marketplace, our documents are state specific, tailored to your needs and contain cutting-edge solutions.
