Business owners and business partners should prepare for their retirement as well as unanticipated situations, such as death or incapacity, by putting strategic business succession plans into place.
The Eleff Law Group helps business owners in Bethesda, Silver Spring and Frederick, Maryland, and the surrounding areas conceptualize and draft effective business succession plans. As experienced business law and estate planning attorneys, Susan Eleff and her team have the knowledge and skill to create effective succession plans to provide the results you seek.
Susan Eleff has more than 35 years of experience practicing law. She is an *AV Preeminent peer-review rated lawyer through Martindale-Hubbell, that service's highest score, and has a 10.0 Superb rating from the Avvo attorney rating service.
Develop Your Business Succession Plan
As your business succession planning attorneys, Susan Eleff and her lawyers will work with you personally and take time to understand your specific needs. Depending on your business's structure and your vision for its future, your business succession plan may feature any of the following:
- Estate planning documents to transfer ownership interests to a family member or another individual.
- Cross-purchase agreements that allow business partners to purchase life insurance partners for each other. In the event that one partner dies, the proceeds of the policies would be used by the surviving partners to purchase the deceased's interests in the business.
- Entity-purchase agreements through which the business purchases insurance policies on each partner. When a partner passes away, the business uses the insurance proceeds to purchase the deceased's share of the business.
The Eleff Law Group is committed to the success of her clients and to providing practical and cost-effective legal solutions customized to their unique needs. Contact the firm today to begin creating an effective plan for your company's future.
Learn More About Business Succession Planning in a Free Consultation
The Eleff Law Group provides potential clients with complimentary and confidential initial legal consultations (certain limitations may apply). Please call 800-765-2662 or fill out this form to schedule your consultation today.
*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the Bar and the judiciary. Martindale-Hubbell ratings fall into two categories - legal ability and general ethical standards.