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.