Schnelker, Rassi & McConnell, PLC

Business Succession

Attorneys in Grand Rapids, MI

“A leader’s lasting value is measured by succession.” – John C. Maxwell

There comes a time in every entrepreneur’s life when you need to plan toward handing over the reins. Maybe retirement is on the horizon, or maybe the business has reached a point where day to day operations should no longer be completely dependent upon you individually.

No matter the reason, a structured business succession plan will help ensure the smooth transfer of ownership which can best benefit you, your heirs, your employees, and your customers.

West Michigan Business Succession Attorneys

Closely Held and Family-Owned Businesses

Whether it is a multi-generational family-owned business or a business involving unrelated partners, our attorneys can help plan for and draft agreements to ensure a smooth transition, including helping with:

  • Transfer of ownership
  • Multi-generation and multi-family transfers
  • Exit strategies
  • Capital restructuring
  • Asset protection
  • Shareholder agreement issues and covenants
  • Buy/sell agreements
  • Stock restrictions
  • Creation of family limited liability companies

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 the exiting founders.

Experienced Business Succession Attorneys

The law firm of Schnelker, Rassi, & McConnell is proud to represent business clients across West Michigan. We invite you to contact our Grand Rapids business succession lawyer, 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.

Grand Rapids, MI Attorneys & Counselors

Our attorneys and counselors are focused on delivering the legal services required of the 21st-century business, its owners, and executives.

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