Exit Planning for Business Owners in New York
Strategic Legal Guidance for a Confident Exit
As a business owner considering your next chapter, it’s essential to have the right exit plan: comprehensive and tailored to you and your business needs.
Whether you’re a business owner, stakeholder, or executive, and whether you’re planning to retire, sell your company, or pass it on to the next generation, your success and security depend on being prepared for the future.
At VMM, we provide a highly experienced and multidisciplinary legal team to help you plan and execute your exit strategy.
Our goal is to protect your legacy, maximize the value of your business, and ensure a smooth transition — on your terms.
For Exit & Succession Planning in New York call us at (516) 437-4385or contact us online.
What Is Exit Planning?
Exit planning is the process of preparing a privately owned or closely held business for the owner’s eventual exit.
This could involve selling to a third party, transferring ownership to family or key employees, or winding down operations in a financially and legally sound manner.
Exit and succession planning is an integral component of a strong business strategy. It safeguards a delicate phase in the business lifecycle and provides everyone involved with valuable peace of mind.
A good exit plan also prepares for unforeseen eventualities, like market instability, supply chain changes, personal incapacity, and even death.
Each exit plan should be tailored to the specific goals and circumstances of the business owner and the business. No two should be alike, but your plan should generally:
- Identify your exit objectives
- Assess and maximize the value of your business
- Assess and minimize taxes, liabilities, and legal obligations
- Structure deals and ownership transfers
- Safeguard your estate and personal wealth
- Maintain business continuity during transition
Whether you’re planning years ahead or facing an urgent decision, our legal team will help you avoid costly mistakes and create a roadmap for success.
Why Us
Our lawyers understand business.
VMM’s Exit & Succession Planning team is comprised of seasoned attorneys from different areas of law, working together to ensure your plan addresses all your needs and positions you for a safe and successful exit.
This may include business and transactional, mergers and acquisitions, labor & employment, dispute resolution, litigation, commercial and residential real estate, charitable bequest management, trust & estate planning, elder law, matrimonial & family law, or other matters. All under one roof, saving you time and money.
We counsel small to mid-sized business owners across a wide range of industries, including professional services, manufacturing, real estate, healthcare, technology, and retail.
From a partial ownership transfer to a full exit, we’ll tailor a strategy to meet your needs and give you the advantage you need to succeed.
Call us today at (516) 437-4385or contact us onlineto speak with a New York exit planning attorney.
