Small Business Guidance Offered by DeConcini McDonald Yetwin & Lacy
Oct 01, 2015 02:43PM
The lawyers at DeConcini McDonald Yetwin & Lacy, in Tucson, offer services to help small business owners and partners to better understand their options and begin succession planning—to help ensure the future health of the business, no matter what challenges arise.
“Succession planning is planning for the future of a business,” says Nathan Hannah, Esquire. “To put a succession plan in place, there are some complicated questions that need to be answered. Questions like: What if you were no longer able to participate in running the business? What if one of the other owners is no longer able to participate? What if you and your co-owners decide that you want to do something else? Could the business continue to operate without you?”
A lawyer with good working knowledge of business formation law, estate planning law and tax law can go through all the possibilities with a business owner and help them decide on a plan, then do what it takes to put the plan in place.