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Business Succession Planning

Business Succession Planning

Contact: Barbara C. Ruby

Clients put a lifetime of sweat and hard work into their businesses. Smith Moore Leatherwood's Business Succession Planning Group assists its clients in establishing business succession plans to ensure their business' continuation from one generation to the next and help to maximize the return for the founders of the business.

It is no coincidence that, in English, the words "success" and "succession" are related. Business succession planning is an investment in the future of the business for the owners, employees and clients, and is the key to future success for everyone whose efforts have helped the business. The existence of a succession plan emphasizes the founders' commitment to each business's long-term growth and creates confidence with other owners, customers, lenders, employees and key suppliers.

What Does Business Succession Planning Entail?
Because each business owner's concerns are unique, we create plans that give our clients comfort knowing their business is prepared to adapt to change. Working closely with our clients, we identify goals and objectives, potential pitfalls and develop innovative solutions. Our attorneys are industry and peer-recognized leaders in their practice fields, from Best Lawyers in America®, to Super Lawyers, to Board-Certified and Supreme Court-Certified Specialists.

A law firm with sufficient knowledge, expertise, and experience is essential because business succession planning requires strategic preparation and tactical decisions. For nearly a century, Smith Moore Leatherwood has advised clients in the areas of income taxation, contract law, estate planning, wealth management, transfer taxation, business entity governance, debtor and creditor law, real estate law, asset protection, pension law, employment law and dispute resolution. Together, our attorneys bring the advantage of a value-added, integrated, cross-disciplinary approach to business succession planning that is efficient, focused, and particularized to each client's needs.

Plan for Success
Multi-generational business succession planning requires cutting-edge legal, tax, and wealth planning techniques and an appreciation of the emotional dynamics involved in intra-family matters. At Smith Moore Leatherwood, we understand the unique and complicated challenges that face founders, entrepreneurs, family business owners, and landowners. For nearly a century, our clients have relied on Smith Moore Leatherwood to utilize sophisticated, cutting-edge legal, tax, and wealth planning to help our clients make prudent business decisions.



(336) 378-5294

Representative Experience

  • Management and Preservation of Assets
  • Liability Protection Strategies
  • Fiduciary Duties
  • Structuring Redemption Agreements, Option Contracts, Shareholder Agreements, Buy-Sell Agreements and Rights of Refusal
  • Separating Ownership and Control
  • Income Taxation (C corporation, S corporation, and Partnership)
  • Estate and Gift Taxation
  • Entity Status, Subchapter S Elections, Limited Liability Companies and Family Limited Partnerships
  • Mergers & Acquisitions
  • ESOPs and other Employee Ownership Structures
  • Private Split-Dollar Arrangements and other Advanced Funding Mechanisms
  • Employment and Labor Law
  • Business Law
  • Asset Protection Planning
  • Board Structure and Governance Issues, before, during & after Intergenerational Transfers
  • Phantom Stock Plans, Deferred Compensation and Golden Parachute Plans
  • Equitable Planning for Children Involved in the Business and Children Not Involved

Representative Clients
Smith Moore Leatherwood's Business Succession Planning Group has created succession plans for virtually every kind of businesses nationwide including:

  • Accounting Firms
  • Architects
  • Construction Firms
  • High-Tech Firms
  • Investment Advisory Firms
  • Law Firms
  • Marketing and Design Firms
  • Physicians
  • Real Estate Developers
  • Retail Firms
  • Veterinarians

Each of our lawyer's e-mail address is provided with his or her biography. If you are not a current client of our firm, you should not e-mail our lawyers with any confidential information or any information about a specific legal matter, given that our firm may presently represent persons or companies who have interests that are adverse to you. If you are not a current client and you e-mail any lawyer in our firm, you do so without any expectation of confidentiality. We will not establish a professional relationship with you via e-mail. Instead, you should contact our firm by telephone so that we can determine whether we are in a position to consult with you about any legal matters before you share any confidential or sensitive information with us.