Business Succession Planning In Las Vegas
Creating a successful small business involves a great deal of time, effort, and financial resources. Succession planning is the process of turning over the leadership of a small business, in the event of an owner’s sickness or death. Proper business succession planning can allow small business owners to protect their business’ legacy and familial assets. The attorneys at Williams Starbuck have over 25 years of experience advising Las Vegas, Nevada when it comes to business succession planning.
Why Business Succession Planning Is Important
Small businesses are the lifeline of our economy and provide approximately 47 % of available private-sector jobs. Approximately 85% of small businesses report not being prepared for business succession in the event of an owner’s sickness, divorce, or death.
Furthermore, after the COVID-19 pandemic, many small business owners were forced to close down their small businesses or drastically reduce their operations. This has remarkably changed the landscape of our local Las Vegas small business ownership. The attorneys at Williams Starbuck stand ready to help you create the best business succession plan for your small business. Our area of expertise covers a wide range of matters and includes:
- Choice of Entity Analysis
- Corporate, Partnership and Limited Liability Company Formation
- Operating Agreements
- Buy/Sell Agreements
- Employee Purchase/Bonus Agreement
- Business Reorganizations
- Stock Purchase Agreements
- Business Succession Planning
- Drafting and Reviewing Contracts
- Business Litigation
Let Williams Starbuck Help You With Business Succession Planning
The distinction in working with the attorneys at Williams Starbuck is that our team has both the courtroom and business experience needed to handle all of the aspects of your business succession planning, including those considerations that are unique to medical and financial professionals. Regardless of your industry, trade, or profession, we will take careful foresight in understanding your business’ interests and you will be fully protected.
If you have questions on any topic from starting a business to selling one in Las Vegas, Williams Starbuck are experienced attorneys and can help with various types of business succession planning. We have experience working with clients who are new to starting a business to those who are acquiring an existing one. Call us at 1-720-660-9847 or send us a message for a free consultation.