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Business Succession Planning

Foster Swift attorneys counsel families in all stages of succession planning by balancing business and family goals to help pass the family business successfully to the next generation. By ensuring family members where they stand with the future of a family business, it eliminates uncertainty and minimizes unintended problems now and in the future.

A four step approach is taken to help provide a clear vision of the company's future.

  1. Identifying the owner's business goals, family goals, and financial needs;
  2. Transitioning management of the family business;
  3. Transferring ownership of the business; and
  4. Estate planning for the owner(s) and family.

Foster Swift's attorneys have decades of experience providing succession planning services, including:

  • Management succession
  • Family limited partnerships
  • Gift programs
  • Recapitalization
  • Buy-sell agreements
  • Profit sharing/pension planning
  • Tax planning (federal, gift, estate, real property, etc.)
  • Business valuation
  • Private Annuities
  • Employee Benefits
  • Insurance
  • Stock bonus plans
  • Installment sales
  • Gift/Sale transactions
  • Salary Continuation Agreement
  • Employee stock ownership plans (ESOPs)
  • Self canceling installment notes (SCINs)
  • Sales to intentionally defective grantor trusts (IDGTs)
  • Grantor retained annuity trusts (GRATs)
  • Deferred Compensation
  • Estate Planning

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