Corporate Law

Business Success Planning

Perpetuating the business through an orderly succession to family members or other insiders is the ultimate management challenge. The owner(s) must deal with business, family, tax, and estate issues when planning for the succession of both management and ownership. Trivedi & Associates can direct you on the most prudent legal avenues to pursue, while keeping in mind your personal and familial goals. Whether you are selling the business to your employees (via an ESOP), to your competitors or other third party (outright), to your partners (via a buy/sell agreement), or to the public (via a stock offering), we will be your point of reference on all legal, ethical, and practical dilemmas that will undoubtedly arise. We understand that there are indeed more important planning considerations than saving on taxes. We will never bully our clients into compromising what is important to them and their family just to keep a few dollars away from the IRS.

• Trivedi & Associates will take the lead in putting together a team of professionals to handle the transition of your business as indicated by the issues you can anticipate. We regularly work with accountants, financial planners, and insurance specialists to make sure that all angles are covered.
• Our team will offer direction on the most practical methods for your business to address the transfer of power and management, and for the transfer of assets.  We understand that many business owners want to incorporate family members in the transition and we have specific strategies in place in order to do just that. 
• We are well equipped to handle succession issues such as selecting and grooming a successor, what to do when there are differing agendas, mediating potential intergenerational conflicts, and ensuring proper transition timing. 
• We can provide a business valuation through the issuance of an opinion of value, a summary appraisal, or a comprehensive appraisal report.
• The attorneys at Trivedi & Associates will take a team approach in handling your business transition, including estate planning strategies that coincide with the goals of you as a business owner.

Contact our office in Orlando or call 407-447-0601 to schedule a consultation.