St. Charles County: (636) 535-2733 | St. Louis County: (314) 763-2739 | Statewide: (636) 422-5107
St. Charles County: (636) 535-2733 | St. Louis County: (314) 763-2739 | Statewide: (636) 422-5107
St. Charles County
We believe that it is never too early to start planning for one’s eventual needs.
The concept of business succession refers to what happens to a company after an innovative entrepreneur decides to retire. From the business’s inception, that owner should consider retirement day and create a plan for business succession. Who will run the business? How will it grow and diversify? Will the founder exit through a buy-sell agreement?
A St. Charles County
Business Planning and Succession Lawyer
Could Help Today
At Polaris Law Group, our attorneys work closely with you to develop a customized strategy for your business from the moment inspiration strikes. We help determine the best formation option, whether it’s incorporation, a partnership, or an LLC, based on your unique goals. Beyond filing paperwork with the Secretary of State, we guide you through essential legal structures like buy/sell agreements, operating agreements, and corporate bylaws.
Our goal is to ensure your business is built on a solid legal foundation that supports long-term growth and success.
Many family businesses don’t survive past the second generation because heirs may not be interested in continuing the operation. For that reason, business owners should consider whether transferring ownership to a third party is the best way to preserve their legacy. A buy-sell agreement is an effective tool that outlines how ownership shares will be valued and transferred when a partner exits.
While these agreements can be complex, a dedicated St. Charles County attorney at Polaris can help you incorporate this strategy into a thoughtful, long-term succession plan.
Owning rental property comes with unique legal considerations that are best addressed with the help of an experienced attorney. At Polaris Law Group, we work with property owners to protect personal assets, establish clear succession plans, and build a solid legal foundation. Our goal is to ensure your investment remains a benefit, not a burden, for you and your family.
With deep experience in business law and planning, we proudly serve clients across Missouri, including St. Charles, St. Peters, O’Fallon, Chesterfield, Lake St. Louis, and beyond.
Many of our clients are business owners who see their company as a key part of the legacy they want to leave behind. To ensure that legacy continues, it’s essential to have both a solid legal foundation and a clear succession plan in place. Simply telling loved ones or business partners your wishes isn’t enough, you need a skilled estate planning attorney to formalize them.
A St. Charles County business succession lawyer can help you take the right legal steps to protect your business and plan for the future.
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Additional steps a business owner should take if the company is to remain in the family or be sold to a third party include:
Start by identifying whether you want to pass the business to family members or sell it to a third party.
This decision will shape your overall succession plan and retirement goals.
Have clear conversations with family members or business partners about future roles and responsibilities.
This helps prevent misunderstandings and ensures everyone is aligned on the vision.
Work with an attorney to draft key documents like buy-sell agreements and address potential tax implications.
Ensuring your business is legally sound sets the foundation for a smooth transition.
Plan for scenarios such as illness, divorce, or a sudden exit by creating legal protections and contingency strategies.
Tools like trusts and dispute resolution protocols can protect your business and legacy.
The choice of a lawyer is an important decision and should not be based solely on advertisements. Some cases may be referred to co-counsel depending on the nature and venue of a particular case.
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St. Charles County
1551 Wall Street, Suite 240
St. Charles, MO 63303
(636) 535-2733
O’Fallon
856 Waterbury Falls Dr. Suite 200
O’Fallon, MO 63368
(636) 422-5107
*By Appointment Only
St. Louis County
721 Emerson Road, Suite 120
St. Louis County, MO 63141
(314) 763-2739
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