CORPORATE SUCCESSION PLANNING LAWYER

Succession planning is intended to facilitate a structured and orderly transfer of ownership of your business to your partners, other family members or your heirs. Developing a well conceived corporate exit strategy is an invaluable undertaking that far too many business owners fail to commit adequate time and resources to, and all too often without appropriate legal counsel. Creating an appropriate business succession plan requires not only a thorough understanding of business and tax laws, but also a sensitivity to business/family relationships, strengths and weaknesses of the particular business and long-term financial needs of the owner (or other individuals who are in need of an appropriate successor).

The benefits of effective business succession planning can include:

* undertaking critical analysis of the business to best determine its leadership and financial needs now and in the coming years

* develop a corporate leadership guidebook, including comprehensive position descriptions, needs analysis and plans to bridge potential gaps and deficiencies

* relationship building that will enable the various interested parties to better collaborate and advance the corporate enterprise when the transition is being undertaken

* provide capable direction, stability and expectations for all key stakeholders: employees, customers, shareholders and vendors

* allow for the retention of key management and employees who might otherwise leave if not appropriately brought into the future plans for the business enterprise

* prevent family disputes and the associated costs involved in such disputes and the negative impact on the business

For knowledgeable and experienced tax law representation for transactional tax matters and tax planning, contact tax lawyer Christopher R. Neufeld at 403-400-4092 (Calgary, Alberta) / 416-887-9702 (Toronto, Ontario) or Lawyer@LawTax.ca.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as legal advice. You should not rely upon, or take or fail to take any action, based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. The law firm of Neufeld Legal PC would be pleased to discuss legal matters referenced in this website upon their retention in accordance with applicable requirements pertaining to client retention by this law firm.

Tax Lawyer Christopher Neufeld with the business law firm of Neufeld Legal Professional Corporation, is admitted to practice law in Alberta and Ontario (Canada) and New York State (United States of America).  Christopher's legal practice focuses primarily on business law, in particular corporate commercial transactions and contract work  - directed at transactional tax optimization and effective tax planning. The content of this website is purely for informational purposes and should not be relied upon - as you should consult a lawyer with respect to the specifics of your particular legal matter.  Please review our legal disclaimer and privacy policy prior to contacting us and be advised that contacting us does not create a lawyer-client relationship. National headquarters: 1600, 144 - 4th Avenue SW, Calgary, Alberta. COPYRIGHT 2010-13.

Business Tax Planning: Corporate Tax Planning; Multi-Jurisdiction Tax Planning; Offshore Tax Planning; Business Succession Planning; Tax Loss Planning / Utilization
Personal Tax Planning: Individual Tax Planning; High Wealth Tax Management; Family Succession Planning; Estate & Gift Taxation; Non-Canadian Tax Planning

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