The Prince Law Firm
Toll Free 866-383-1125
Local 248-419-1968
Michigan Estate Planning & Probate Litigation
Helping you navigate your next turn in the road

Detroit Business Succession Planning Attorney

Michigan Business Contracts Lawyers

If you have been running a family-held business, you have possibly been far too busy with daily emergencies and responsibilities to take time for business succession planning. It is essential, however, that you have a plan in place, not only for the time when you retire or move on, but to direct operations due to an emergency if you are not able to manage the business yourself. If you would like to make arrangements for a consultation, contact The Prince Law Firm in Detroit. A business succession planning attorney will discuss measures that you should consider for your specific situation.

Your relationship with your business is constantly evolving. Is it a start-up, where the greatest asset is your energy and talent? Is it a mature business, with a substantial capital value? Are your children preparing to join you or take over as you retire? At each stage the issues involved include tax planning, protecting your estate, providing control for an able manager, and providing for a comfortable retirement. Our lawyers will have a frank discussion with you about all of those issues, your personal goals, and measures you may consider, including:

  • revocable trust for a family-held business
  • shareholder agreement
  • limited liability company (LLC)
  • partnership agreement
  • tax strategies
  • operating agreements
  • buy-sell agreements
  • business appraisals
  • valuation discounts

You may simply need an updated will, or your situation may warrant a complex layering of trusts and entities. Our attorneys have the sophistication to handle the complex, and the insight to know when you will be protected by the simple solution.

Our Detroit business succession planning attorneys serve clients from communities throughout southeast Michigan and the Tri-county area, including Livonia, Dearborn, Grosse Pointe, Southfield, Troy, Farmington Hills, Royal Oak, West Bloomfield, Novi, Warren, Sterling Heights, Mount Clemens, Shelby, Utica, and Ann Arbor; Oakland County, and Wayne, Washtenaw, and Macomb counties. We offer a free initial consultation and accept MasterCard and Visa.

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The Prince Law Firm
800 W. Long Lake Road
Bloomfield Hills, MI 48302
Telephone: (248) 419-1968
Telephone: (866) 383-1125
Fax: (248) 865-0640
Email our firm | Bloomfield Hills Law Office Map

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