As if running a business wasn’t complex enough, the legalities and tax planning are enough to make even the savviest business owners’ head spin. At Voorhees Law Group PC, our business attorneys have the first-hand experience with business formation, restructure, management, and planning – after all, we are business owners too!
The business usually represents one of your family’s most valuable assets. An effective business plan can protect both your financial and emotional health. The business owner’s estate plan is predicated on a sound business plan.
Your business plan must take into account the possibility that your business will grow, but also provide protection against possible downturns in the economy or within the business environment. The plan must shield your business from lawsuits. It must contain a plan for if you become incapacitated or pass away suddenly. You must have a plan to exit your business, particularly to minimize taxes, address problematic employees, and protect your heirs.
With a properly designed and implemented plan, you can ensure that you receive the greatest possible return on your years of hard work and dedication to your business. We can design a business plan for you at start-up, exit, and every stage in between. We believe that a plan is most effective when it is a collaboration of your existing executives, advisors, CPAs, and others. Discover how our experience and collaborative approach can work for your business. Contact us today!