Dear Business Owner,

You’ve spent years, maybe even decades, building your business from the ground up. You’ve weathered storms, celebrated successes, and turned your vision into a thriving enterprise. Your business is a part of who you are, a legacy you want to leave behind. But what happens when you’re no longer able to run the show? Without a succession plan, everything you’ve worked so hard to build could be at risk.

Who will take over?

Will they be prepared to step into your shoes?

Without a clear succession plan, your business could be thrown into chaos. Key decisions might be delayed, employees could lose confidence, and clients might start looking elsewhere. The value of your business could plummet, and your legacy could be lost.

Your family, already dealing with the emotional toll of your absence, could be left to navigate a legal and financial mess. They might be forced to sell the business quickly, often at a fraction of its true value, just to cover taxes and debts. Or worse, the business could fall into the hands of someone who doesn’t share your vision, leading to its decline and eventual failure. The empire you built could crumble, leaving your loved ones with nothing but regret and missed opportunities.

The Reality of Business Succession Planning

The truth is, every business owner needs a succession plan in order to ensure that your vision, your values, and your hard work continue to thrive, even when you’re no longer at the helm. Without a plan in place, your business could become a source of stress and conflict for your family, your employees, and your partners. The risks are too great to ignore.

Many business owners think they have time, that succession planning is something they can put off until later. But the reality is, the unexpected can happen at any time. Without a plan, you’re leaving the future of your business—and your legacy—to chance. And that’s a gamble you can’t afford to take.

This is where we come in.

At Bascom Law, we work with you to create a customized succession plan that addresses your specific needs. We start by understanding your business, your goals, and your vision for the future.  We help you identify a successor. This might be a family member, a trusted employee, or an outside candidate with the skills and experience needed to lead your business. We work with you to create a transition plan that prepares your successor for the challenges ahead, ensuring a smooth handover of leadership.

We keep your plan up to date. As your business grows and evolves, so should your succession plan. We work with you to regularly review and update your plan, ensuring it continues to meet your needs and protect your legacy as circumstances change.

You’ve worked too hard to let your business’s future be left to chance. At Bascom Law, we’re here to help you create a succession plan that ensures your business continues to thrive, your family is taken care of, and your legacy is preserved—no matter what happens.

Call my office today at 770-285-5493 to schedule a consultation. Let’s sit down together and start planning for the future of your business. Your legacy deserves the best protection, and at Bascom Law, that’s exactly what we offer.

Sincerely,

Mike Bascom
Bascom Law, PC
Estate Planning & Elder Law