Brockton Business Succession Planning Lawyer
Brockton Business Succession Planning Attorney
If you are a business owner, it is vital that you have a clear succession plan in place, if only for safety’s sake. Ultimately, you never know when your time will come, and it’s always good to have a succession plan ready to go that clearly defines your expectations, intentions, and successor. You want to be able to transfer ownership of your business smoothly, and a Brockton business succession planning lawyer can help you accomplish this with minimal issues.
The legal team at Albanese Law, LLC, understands the inherent complexities of business law, particularly in establishing a succession plan. It’s important to have a Brockton business succession planning attorney on your side as you consider your options and needs. You need someone with considerable experience handling business succession planning cases and knowledge of the relevant laws.
Hire a Business Succession Planning Lawyer
When you are contemplating your legacy and trying to determine the future of your business, you should hire a business succession planning lawyer to help you weigh your options and figure out the right way forward. The right lawyer may be able to help you identify problems you may have missed or factors you may not have initially considered. Matthew P. Albanese has spent his career helping individuals with estate planning and elder law needs. He knows how to help you.
It may be vital for you to understand how common business succession is in Massachusetts. According to recent data from the U.S. Small Business Administration Office of Advocacy, there were more than 722,000 registered small businesses in the state in 2024. Additional data from the Massachusetts Department of Economic Research stated that the number of employed people in the state increased by 45,000 in 2024. Having a succession plan is important to the company.
Consider Local Business Support
It can be hard to run a business, even if it’s comparatively small. Being a leader is hard work, and developing a succession plan can be challenging. You may want to consider reaching out to local business support centers, such as the MA Small Business Development Center or the Downtown Brockton Association. Talking to people who are dealing with similar issues can be helpful, especially if you don’t really know where to start with your situation.
Consider Reaching Out to a Lawyer Today
Business succession planning involves many complex steps, such as developing a viable strategy for transferring ownership, selecting the right successor, and taking steps to avoid infighting and familial disputes. A good lawyer knows the most effective ways to assist you in building your succession plan.
At Albanese Law, LLC, we can ensure your plan is sound, help you gather the documentation you need to make it official, and even identify potential successors within your company and family if you are having trouble reaching a decision. Contact us to speak to a member of our experienced legal team who can help you explore your options. Our team is available and ready to help you, no matter how complex your situation may be.
