Expert Guidance
While passing your business from one generation to the next may seem manageable on your own, family succession in the second and third generations has less than a 10 percent success rate.
Aevitas Law ensures your business and legacy plan endure for generations to come in a tax-efficient manner.
Aevitas Law’s Succession Planning System
Our firm specializes in formulating plans that navigate the tax code to benefit your family now and in the future. We proudly assist local business owners in transitioning their businesses across generations while honoring their multi-generational stewardship principles.
Our Process
Understanding the goals and objectives of both the business owner and the successor is paramount to us. We recognize that “passing the torch” is a significant milestone, and we strive to create win-win scenarios that preserve future options.
Although the steps for succession planning vary, we consistently:
- Maintain flexibility, as compromise is essential to satisfy all parties involved.
- Identify key positions and strategies for immediate action upon the client’s departure, including ownership transfer strategies.
- Align plans with future goals to ensure the legacy remains intact.
- Document succession plans with timelines, roles, and responsibilities, including ownership restriction documents.
Call Aevitas Law Today
For more information on how the team at Aevitas Law can help solidify your legacy, please call (717) 723-9160 or request an appointment.
