You’ve worked hard for years to create a successful business. It’s likely your biggest asset — one you’re counting on for retirement. But without careful planning, what should be a triumphant finish could turn into a tragedy as all your hard work disappears without a proper harvest.
That’s because selling or passing on a business is totally different than running one. You’ve got one shot to get it right, but…
1. 90% of family businesses fail in the next generation.
2. If you go to market to sell and don’t find a buyer, you may not get a second a chance.
3. If an owner dies without a clear succession plan, the business’s value can plummet to nothing — fast.
Whether you’re looking to sell to new owners, leave a legacy for your family, pass the business to your employees, or just find your best path to retirement, you deserve to exit like a winner. Owners who go through detailed planning around a business handoff almost always enjoy better outcomes.
With comprehensive business succession planning from Watson Law Group, you’ll get:
1. Help evaluating all your options.
2. An experienced team to guide you every step of the way.
3. All the documents and legal support you need to execute a smooth transition — no matter what that looks like for you.
We understand that transitioning your business is one of the biggest decisions you’ll ever make.
Luckily, we’ve been involved in hundreds of sales, handoffs, and succession plans since 1999, so we know how to surround you with a strong team for this once-in-a-lifetime play. Whether you’re looking to negotiate an outside sale, optimize a family handoff, or have no idea what you even need, we can help — from start to finish.
We’ll meet for 30 minutes so we can understand exactly where you’re at in your planning journey. (Don’t worry, it’s fine if you feel totally lost!)
Together, we’ll figure out what your business is worth and what your best exit options are. Then we’ll create an air-tight plan for executing your vision.
Whatever’s next for you, it’ll be even sweeter knowing you’ve made the best choices possible on your way out the door.
Our trademarked Frank Fee pricing model gets rid of the unfair guesswork of hourly billing. Weʼll tell you upfront how much each phase of your planning project will cost, and never charge you just to get on the phone.
Others who say they offer business succession planning will often drive you towards a particular insurance product or outcome. We have the expertise to help no matter what type of succession is best for your actual goals and situation.
Many succession planners are great with ideas, but can’t draft the legal documents to get it done. And many specialize in either selling a business or passing it down, but not both. We’re rare in having the expertise to help you stick your dismount no matter what route you choose to take.
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With Watson Law Group at your side, you can make smart, strategic choices to plan a winning exit from your business.
Watson Law is an estate planning and trust and estate litigation firm based in Orange County, California. We help families create bulletproof estate plans that leave a legacy, not a mess.