Business Planning
establish business entities for the future
What is business planning?
Whether you have a family-operated business or a closely-held business with several associates, there are many aspects of owning, operating and planning the succession of your business. Our attorneys have the experience to help you establish and operate your business entities and assist you in the development of a comprehensive business transition plan to seamlessly transfer the benefits of your business to your successors.
Business Planning encompasses some of the following, and much more:
- Buy-Sell Agreements
- Entity Creation and Management
- Income Tax Allocation
- Gifting Plans
- Family Limited Partnership/Family Limited Liability Company
What is business planning?
Whether you have a family-operated business or a closely-held business with several associates, there are many aspects of owning, operating and planning the succession of your business. Our attorneys have the experience to help you establish and operate your business entities and assist you in the development of a comprehensive business transition plan to seamlessly transfer the benefits of your business to your successors.
Business Planning encompasses some of the following, and much more:
- Buy-Sell Agreements
- Entity Creation and Management
- Income Tax Allocation
- Gifting Plans
- Family Limited Partnership/Family Limited Liability Company
Others to consider
If you have several owners, an ongoing concern is what happens after one owner leaves or passes away. If you have children or grandchildren involved in the operations or management, another concern is how the transfer of control and/or ownership should go while you are alive or after you pass away.
Help handling families
On occasion, we are called to deal with difficult family issues that have been ignored for years, usually to the detriment of our clients. We have a very familiar array of planning arrangements that will provide for and nurture succeeding family members while protecting the viability of the business infrastructure. These structures can be creatively assembled to protect family members from their own worst instincts, while at the same time, provide positive incentives for personal and professional growth and community involvement.
West Little Rock Office
North Little Rock Office
1 Riverfront Place, Suite 650
North Little Rock, AR 72114
Fax: 501-372-1206