Queens Business Ownership & Succession Attorneys
For guidance while planning for your business’s future, partner with Gill & Kadochnikov P.C.. We excel at helping owners and operators of family or closely held companies develop ownership, transfer, and succession strategies. From advice on choosing your business entity to assistance in creating a buy-sell agreement, you can put your confidence in our Queens business ownership and succession attorneys.
You may be at the beginning of your business ownership journey or have worked hard for years to make your company a success. In either case, let us be a resource for you. Request a complimentary consultation to discuss what we can offer.
Get in touch with us online or call (929) 405-1054. From Queens, NY, we serve clients throughout the Northeast.
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Alex had my best interests accounted for from every angle. I felt very comfortable and will only use him from now on.- Sergiy K.
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I'm grateful for Preet Gill representing us on a family matter. She’s very professional and polite. I appreciate her kindness & time... thank you!- Former Client
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He was amazing: quick to respond, sharp, and provided very clear and strategic advice. We achieved our exact goal thanks to his help and would highly recommend him.- Stephanie
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I recently had the pleasure of working with Preet Gill on my immigration matters, and I must say that the experience was outstanding.- Fredy C.
What Does a Business Succession Plan Include?
First and foremost, your succession plan will identify the person or people who will lead the company in your absence. Your future leader(s) should know what their new role requires and exhibit the skills and know-how to steer the business toward success. To ensure they are prepared, your succession plan might also include provisions for leadership training and development.
Other possible elements to include in your business succession are as follows:
- Clear timelines for leadership transition
- Details about maintaining operations during the leadership transition
- A strategy for communicating the succession to employees, customers, suppliers, and others
- A current professional valuation of the business and its assets
- Documentation of product knowledge, processes, and other information essential for the business’s success
