Retiring from the business that you built and now own takes careful planning. Without careful planning, your company may fail and the income you were counting on for your retirement may not be available.

Planning for your business succession should begin sooner - not later.

At KCL we have experienced and knowledgeable business attorneys ready to assist you in planning your business exit strategy. Among the issues you will have to deal with are:

• Deciding on a buyer – Family member? Employee? Competitor? Other third party? Employee ESOP?
• If the buyer is a family member or an employee, figuring out how to structure the sale so that the buyer has sufficient income to pay for the purchase.
• Deciding whether the sale should be structured as a purchase by the buyer or by the company itself.
• Minimizing taxes to you and to the company.

Our Massachusetts business attorneys can work with your accountant and other advisors to help you reach the optimum outcome for you, for your family, and for the business that you have built.