Grand Rapids Attorneys & Counselors

616.828.1195

44 Grandville Avenue SW, Suite 200 Grand Rapids, Michigan 49503

Business Succession Planning Attorneys

There comes a time in any entrepreneur’s life when it is time to hand over the reins.  Perhaps retirement is on the horizon.  Perhaps the business has reached a point where day to day operations are no longer completely dependent upon you individually.

No matter the reason, a properly formed, well thought out, and structured business succession plan will ensure the smooth transfer of ownership to the heirs and successors of your enterprise.

Closely Held & Family Owned Businesses

The majority of business succession planning is related to businesses where family ownership is at foundation of the endeavor.  At Schnelker, Rassi, & McConnell, our attorneys are experts in the transfer of power from one generation to the next and have assisted numerous clients with:

  • Transfer of Ownership
  • Multi-Generation & Multi-Family Transfers
  • Exit Strategies
  • Capital Restructuring
  • Asset Protection
  • Shareholder Agreement issues and covenants
  • Buy / Sell Agreements
  • Stock Restrictions
  • Creation of Family Limited Partnerships (FLP’s)
  • And More

Business succession planning can be a complex task. However, when done properly, it can minimize tax liabilities, provide protection and security for heirs and successors, maintain the core competency of the company, and promote a lasting legacy for exiting founders.

Experienced Business Succession Attorneys

Our firm is proud to represent business clients throughout the Greater Grand Rapids and West Michigan areas.  We invite you to contact our business succession specialist, Andrew Rassi, at 616.828.5375 to learn more about how our business succession services can provide security to your business now and in the future.