At Whitaker Chalk, financial security for many of our clients is dependent upon the continued success of their closely-held businesses. Ensuring the future of their business through a well-structured succession plan is an essential component of their estate plan, and is critical to their peace of mind.  Our team of transactional, estate planning and business attorneys collaborate with clients and their trusted financial advisors to plan for retirement, management transition and liquidity events, as well as unpredictable circumstances, such as incapacity or death. Throughout the process, we consider our clients’ projected wealth, multi-generational issues and estate planning goals.

Fulfilling the estate planning needs of business owners for over 35 years has given us the knowledge and experience needed to create a sound business succession plan. We ask clients about their goals, then guide them through the entire business succession planning process and the use of risk management tools. Our attorneys draft partnership agreements, operating agreements and buy/sell agreements, patiently helping clients through the formation, maintenance and disposition of their businesses. We also advise management on legal and tax issues involving mergers and acquisitions, frequently at the recommendation of a client’s CPA or investment banker.

While our business succession planning practice is highly focused, we also draw on the expertise of other professionals, including CPAs, business appraisers, investment advisors, financial planners, and insurance professionals. This collaborative approach allows our clients to benefit from a wide range of knowledge and experience.