Business Succession Planning

Estate, Trust and Probate

Minneapolis law firm Henson Efron’s business succession planning practice helps business owners, from small family businesses to large corporations, plan for their future as they plan for transferring ownership of their business to continuing shareholders, family members or others. Our business law and estate planning attorneys recognize the time business owners have devoted to developing and building their businesses and work closely with clients to put in place plans to ensure the vision and goals of business owners are met. Our attorneys work with the clients and their other advisors, as a team, to help with plans both simple and complex, from small family-owned businesses transferring leadership from one generation to another, to large business transitions from owner to employee. We assist with drafting buy-sell agreements, compensation packages and employee benefit plans, whether it is for a family-limited partnership, limited-liability company (LLC) or a corporation. Our counsel also addresses the most effective way to minimize the tax implications of succession planning while achieving our clients’ goals.