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. Louis County
It’s never too soon to start preparing for your business’s future.
Business succession involves planning for what will happen to a company once its founder steps away from leadership. From the start, a business owner should think ahead to retirement and establish a clear transition strategy. Questions to consider include: Who will take over operations? How will the company continue to evolve? Will the owner leave through a buy-sell arrangement?
A St. Louis County
Business Planning and Succession Lawyer
Could Help Today
At Polaris Law Group’s St. Louis County office, we collaborate directly with local entrepreneurs to craft tailored strategies for their businesses from the very beginning. Whether you’re forming an LLC, partnership, or corporation, we help identify the best structure to match your specific vision and goals.
More than just filing paperwork with the Secretary of State, we provide ongoing guidance on crucial legal documents like buy/sell agreements, operating agreements, and corporate bylaws. Our St. Louis County team is dedicated to helping you build a strong legal foundation for lasting success.
A large number of family businesses don’t make it beyond the second generation, often because successors aren’t interested in taking over. That’s why it’s important for business owners to evaluate whether selling to a third party might be the best way to maintain the business’s legacy. A buy-sell agreement can provide a clear plan for how ownership interests will be valued and transferred when a partner leaves.
Although these agreements can involve intricate details, a skilled attorney at Polaris Law Group in St. Louis County can help you integrate them into a well-structured, long-term succession strategy.
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. Louis County, 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. Louis County business succession lawyer can help you take the right legal steps to protect your business and plan for the future.
Talk to Us About Your Options Today
Additional steps a business owner should take if the company is to remain in the family or be sold to a third party include:
First, decide if you want to pass the business down to family members or sell it to a third party.
This decision will play a key role in shaping your succession plan and aligning with your retirement goals.
Engage in open discussions with family members or business partners about their future roles and responsibilities.
This will help avoid confusion and ensure everyone is on the same page regarding the business’s direction.
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.
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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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