Business Succession Planning In Central Florida

Your first thought when you started your business likely was not about what you will do with it when you are ready to leave it. For many years, your business has been an integral part of your life. It may still be important for many more years. But you have come to realize that you may not be around forever to keep your business running. You will need to start thinking about your business’s legacy.

Many business owners set aside time to create a business succession plan. I am attorney Mitchell Sherman, and I founded the Law Offices of Mitchell A. Sherman, Esq., in 1992 to assist business owners in and around St. Petersburg and the Tampa Bay area with their plans. I help owners prepare for the day when they retire, step down or pass away. The main purpose of a business succession plan is to help bring peace of mind knowing your business is in good hands.

Learn More About Business Succession Planning

What is a business succession plan? This document outlines what should happen to your business if you retire, pass away or are unable to work anymore. The main focus is deciding who should take responsibility for your business when the right time comes.

A successor could be a business partner or a protege whom you have been training. Alternatively, you may want your business to be family-owned. You could have your children split ownership of your business and let them ultimately decide what is best for the business.

Deciding on a successor can help keep what you built alive and running smoothly. I want to help you find the ideal candidate to take over your business.

Turn To An Experienced Lawyer For Help

Making a business succession plan will not be easy if you do it alone. The Law Offices of Mitchell A. Sherman, Esq., can help you through the business succession planning process to ensure all of your concerns are met. You can reach out for a free consultation by calling 727-616-0365 or emailing me today.