Fromberg Edelstein Fromberg offers a full-service business law practice and, in the estates and trusts arena, advice with regard to business succession planning. We understand that an owner’s interest in a closely held business or professional practice may be his or her largest and most important asset. As a result, we work to ensure proper documentation is in place to protect business owners’ assets and interests.
To prepare for future ownership transition, our attorneys analyze the business’s needs and existing ownership structure, as well as the goals and desires of its current and potential future owners. In addition, we advise clients on advanced planning related to tax structures, plans for future ownership and management, as well as dispute resolution agreements. We are adept at navigating the family dynamics often associated with the process of business succession planning and working with business owners to avoid unnecessary conflicts.
Fromberg Edelstein Fromberg assists business owners in three vital, aspects of business succession planning. First, we provide viability analysis to assess the entity’s current and long-term risks and opportunities for success. Second, we provide assistance to ensure that the family, business and estate plans are handled in a coordinated manner. Third, through our network we are able to provide business valuation services through which we are able to estimate the value of an owner’s interest in his or her business.
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