Business Succession And Exit Strategies

The sale or purchase of a business is a transaction that, if not properly handled, can cause potentially fatal disruptions. Many factors must be considered and accounted for to ensure that an owner or owners are able to seamlessly leave a business while a new owner or owners assume responsibility for the health of the business.

Our firm assist both sellers and purchasers in transitions to new owners. Some of the different types of successions or purchases we assist with include:

  • Family succession
  • Partner to partner
  • Transitions among existing owners
  • Sales to outside parties
  • Transitions to employee ownership

Preparing for ownership transitions can benefit from detailed planning. We help business owners realize their goals for the succession of their business whether that situation is one mean to benefit family members, partners or some other party. We can help business owners lay the groundwork for an ownership transition that:

  • Is seamless
  • Preserves value
  • Maintains existing business

More Than 100 Years Of Combined Experience Among Our Partners

At Courey, Kosanda & Zimmer, P.A., our firm understands the importance of successful succession planning, exit strategies, purchase and sales. Handing over ownership of even the most successful business can be a vulnerable moment. Whether you are the owner or the purchaser, you need to take all necessary action to protect your investments, assets and the benefit you gain from the transaction. Our extensive experience and deep knowledge of commercial law allow us to craft succession plans, exit strategies and purchase transactions that can ensure that the business you have devoted so much to, will continue to flourish under new ownership.

Business Succession Planning In The Twin Cities Metro Area And Throughout Minnesota

We are committed to helping business owners and purchasers make the most of the transition of ownership. To schedule an initial consultation, call 763-398-0441 or contact us online.