West Chester, PA -- (SBWire) -- 09/18/2019 --With more than 20 years of putting our experience to work for clients in Eastern Pennsylvania and New Jersey, our legal team at Carosella & Associates understands how important business succession planning is for small and family-owned businesses.
When contemplating the formation of a new business or start-up, it is vital to think about the future. Unforeseen circumstances such as incapacitation or death and retirement or sale of a business can upend smooth operations if a small business succession plan is not in place. At Carosella & Associates, we have extensive experience in developing business succession planning strategies for small businesses, including advertising agencies, construction companies, HVAC companies, shopping centers, restaurants, and retail stores. In addition to helping all of these businesses grow and thrive, our law firm has first-hand experience as a small business that has remained successful for more than two decades.
Unfortunately, business owners often fail to prioritize the legal and financial aspects of protecting and transferring a business. Planning for your future by creating a small business succession plan with an experienced attorney can help to keep your business on track and make transitions much easier for partners, managers, employees, customers, and families who depend on your business for financial stability. Family dynamics can present unique challenges in many businesses and the succession process can be very complex and personal. Having a candid discussion with your attorney about your needs, goals, concerns and expectations, and creating a formal process and timeline can help everyone involved avoid conflict and confusion down the road.
Legal, personal and tax implications of the various options that are available for succession should also be considered before a plan is developed. Whether your ultimate goal is to sell your business for profit or to pass it on to a family member, our business lawyers can assist you with all legal aspects of your business, including everything from business entity formation to operating agreements, transfer documents, contracts, buy-sell arrangements, and corporate resolutions.
About Carosella & Associates
For more than 20 years, the dedicated team of attorneys, paralegals, firm administrators, administrative assistants and legal secretaries at our West Chester law firm has provided top-quality legal representation for matters in myriad aspects of the law. Several of our attorneys at Carosella & Associates are licensed to practice law in both Pennsylvania and New Jersey. For more information visit carosella.com .
Carosella & Associates Are Devising Business Succession Plans for Small Businesses