Succession Planning & Exit Strategies
Many of our corporate attorneys have served as general counsel at privately-held, equity-backed and public corporations. We leverage this experience to effectively counsel both established and emerging businesses as they grow.
The Importance of Advanced Planning
Succession planning and exit strategies are too often an overlooked aspect of running a successful business. This is particularly important for privately held businesses and family owned businesses.
At Wilchins Cosentino & Novins, our business attorneys actively participate in the discussions and planning to establish and maintain a succession plan and exit strategy well in advance of implementation. This includes early planning and preparing the business to best legally position the business for a future sale to a third party or a planned succession and transfer of the business to family members or others. Such planning whether early or late stage planning may include overall legal diligence regarding the business and its operations and review of the governance, management, and control of the business; thereafter developing and implementing plans and taking actions as needed to best position the business for an exit event or to implement a succession plan.
A Collaborative Approach for a Comprehensive Plan
Another key aspect of succession planning and exit planning is the business owner’s trust and estate planning. Our business attorneys work seamlessly with our trust and estate attorneys in business succession and exit planning both from the business and estate planning perspectives.
Taking a highly personalized concierge approach, our business attorneys guide our clients with sound, pragmatic legal solutions. We work closely with founders, directors and managers of private and family-held businesses on both strategic and day-to-day business matters all at a value other firms cannot match.
Meet Our Business Law Attorneys at Wilchins Cosentino & Novins
Adam W. Jacobs
Scott A. Joseph
Robert W. Meshel
Susan Donaldson Novins
Stephen N. Wilchins
Represented clients in the purchases and sales of businesses and divisions in various industries.
Represented clients in various joint ventures and limited liability company transactions.
Represented clients in corporate management and governance disputes.
Represented clients in connection with day-to-day business strategy, business operations, and various contracts and governance issues.
Represented clients in succession planning and sales of business to senior management.
Represented clients from entity selection and organization to operations and to exit.
Why WCN for Business Law
Right-sized. We are large enough to have the depth of expertise and knowledge, while small enough to be available, accessible and personal.
Our experienced business lawyers advise on a full range of business matters, including:
The Latest in Law
Attorney Stephen Wilchins participates in the final episode of the recent Radio Entrepreneurs FBA Panel Discussion – Winter 2021 Edition – Part Three: “Trusts & Selling Your Business”
https://youtu.be/HifZSlh52NA In the final episode of the Radio Entrepreneurs FBA Panel Discussion, WCN attorney Stephen Wilchins participates on the panel wrapping up the discussion on the subjects of trusts that own and operate a family business and when it is the...
Attorney Stephen Wilchins is back in the recent Radio Entrepreneurs FBA Panel Discussion – Winter 2021 Edition – Part Two: “Trusts & Selling Your Business”
https://youtu.be/NIaRStpflK8 In the second installment of the Radio Entrepreneurs FBA Panel Discussion, WCN attorney Stephen Wilchins continues with the panel discussing the subjects of family trusts that include a business and when it is the right time to sell that...
Parents who have saved and invested prudently for many years often expect to be able to leave their adult children a substantial inheritance. They hope this will fund their children’s retirement savings, grandchildren’s college tuition, or other goal of...