Business Succession Planning
A business succession plan is a vital element of any business concern and an important investment in the future of not only the business itself, but of the business owners. Members of the Bowles Rice Team work with business owners of all sizes to create business succession plans through buy-sell agreements or business continuation agreements. These contracts provide the terms for the disposition of a business in the event of an owner's death, disability, retirement or withdrawal from the business.
Moreover, we recognize the importance of input from all members of a business's financial team, including the accountants and/or financial advisors. We take a collaborative approach to business succession planning by leveraging the knowledge of the business' advisors to develop the best plan for the business and its owners.