At the law office of Samuel J. Owen, P.C., our experienced Golden and Lakewood lawyer for Colorado estate planning can help when the transfer of family businesses to new generations of family members or business partners becomes your top priority.
No closely held family business can survive, let alone prosper, without a trusted leader in place to give it direction. In case of a key member's death, disability, serious illness, incapacitation or retirement, a company can wind up desperate to recover lost assets, regain its momentum and find a replacement who can bring order to the chaos.
Representing Businesses Both Big And Small
Businesses large and small in Colorado can avoid a jarring, radical transition by creating a proactive succession plan with the help of a skilled estate lawyer such as Samuel J. Owen. Our founding attorney knows that if a succession plan is not in place, a small local business can be transferred to relatives as part of an estate, to a partner or absorbed by other shareholders. Meanwhile, siblings and other relatives may feel entitled to larger shares of the company — and a heated dispute can arise.
Employees and clients may leave the company due to fears that the business is unstable. An interim chief executive officer may be unable to lead the company through troubled times. If heirs receive the shares of the deceased owner, shareholders could become upset, causing a crisis that could lead to substantial financial losses.
Samuel J. Owen Works Hard To Ensure Your Colorado Family's Future Financial Security
Our experienced estate planning lawyer brings decades of experience, dedication and personal attention to your need for a plan that ensures a smooth business transfer, succession or transition. He creates a succession plan that is amenable to the principals, including designation of a successor, pension and retirement fund planning, and protections against financial losses.
Attorney Owen can also transfer a business owner's interest into trusts paid out to family members. With so many viable options in play, depending on your unique situation, you can benefit from the legal knowledge of a fellow business owner like Samuel J. Owen.
Contact The Samuel J. Owen, P.C., Law Office
Our business succession planning attorney for Golden, Lakewood, Arvada and Wheat Ridge offers initial consultations at 303-271-0222. You can also contact us with an email message.
