Business Succession Planning
Those who own an interest in an active
business must concern themselves with the
eventual disposition of their ownership
interest. The business itself, including all
owners, must plan for the impact that any
disposition of an ownership interest will
have as the business moves forward.Our
business succession planning attorneys help
business owners develop plans that consider
the best options for the owner whose
interest is being transferred, for the
remaining business owners, and for the
business itself.
Feld Hyde’s business succession
strategies are designed to provide financial
security for the transferring owner and his
or her family. Our attorneys create business
succession plans that will:
• Minimize tax consequences
• Generate liquidity
• Promote continuity of business management
and operations following a change in
ownership
• Generate business succession planning
benefits for all those affected during a
business interest transfer
Feld Hyde’s business succession
strategies include:
• Buy-sell agreements with funding
mechanisms
• Deferred compensation plans
• Life insurance planning
• Recapitalization of the business’ equity
structure
• Employee Stock Ownership Plans (ESOPs)
• Lifetime gifts and/or sales of business
interests
Birmingham Angel Network
Business owners and entrepreneurs may find
investment opportunities or startup capital
through the resources available with The
Birmingham Angel Network, LLC (“BAN”),
Birmingham’s first formal angel network. BAN
consists of a group of executives,
professionals and accredited investors who
are interested in investing their time and
money into new, cutting edge, startup
companies. Many BAN members have founded and
operate some of the leading companies in our
area.
To learn more about BAN, contact us or visit
the website at
www.birminghamangels.com. |
