Business Succession Planning
Lawyers specializing in business succession planning services
Business Succession Planning Services Offered: We help privately-owned businesses and the individuals who own them develop exit or succession strategies for the transfer of ownership to family members, to employees and to third parties.
The best indicator of our attorneys’ skills in transferring business ownership among family members is that we represent several businesses that have been successfully transferred to a second generation of ownership and six business clients who have successfully transferred ownership from a second generation to a third. Given the fact that fewer than 20% of businesses survive generational transfers, we offer the unique perspective and practical solutions that come from continued success in the field of business succession planning.
Benefiting from our business succession planning experience
If a sale to a third party is the best way to maximize the value of your business, our experience with hundreds of successful third-party transactions will be invaluable. Learn what The Penning Group advisors and attorneys can offer you with their business succession planning services.
Dan A. Penning is a participating sponsor of the Family Business Council of Southeastern Michigan and a member of the Family Firm Institute.