Otten Johnson attorneys assist closely held business owners with transitioning their businesses to family, co-owners and/or employees, or third party buyers. We work as part of a team of advisors, including CPAs, financial and other business advisors, to come up with a strategy and implement the legal documents related to the business transition plan. We recognize the importance of coordinating a client’s business transition plan with their estate plan to ensure that the transition is done in the most efficient and profitable manner. Ideally, a business transition plan should be put in place well in advance of when a business owner actually plans to exit the business.
• purchase agreements
• promissory notes and security agreements
• buy-sell agreements
• incentive planning documents designed to retain key employees
• wills, trusts, and other estate planning documents