Tucson Business Succession Planning Lawyer

Arizona Business Exit Planning Attorney

When you are running a business, you do everything you can to grow, but it is equally important that you take steps to preserve the wealth you have developed. From tax concerns to developing a process to transfer the ownership of your business, an experienced estate and succession planning lawyer can help you prepare for the future of your business.

I am Tucson business succession planning attorney Mark Ralles, and I have been helping businesses across Arizona plan for the future for over 25 years. I will help you to establish your priorities for transition and to assemble the resources you need to reach your goals.

Develop a Business Succession Plan Tailored to Your Needs

Before transition planning can proceed, a Founder or business owner should consider certain questions:  What is most important to you and your family?  Is it practical to transition ownership or control to the next generation in your family?  What are the future financial needs and expectations of your family?  If an business owner fails to take the time to answer these important questions, and develop a business succession plan and begin to implement it, the unanticipated circumstances will very likely have an important impact on the end result.

Our law firm will take the time to help you identify the right human resources for the transition of management of your business and address the financial and tax consequences. I follow a specific plan for every client interested in business succession planning, which allows me to address your unique concerns.  In addition to assessing financial and business assets, we collect information to ascertain how your business operates currently and how it is held.   I will help you to clarify your goals and explain what we can do to help you reach them.

I will never tell you that I can accomplish something that is not possible. I will help you establish achievable goals, and I will be there for you throughout the process so you understand the requirements to achieve them.

Transitioning Business Ownership or Management to the Next Generation

“YOU ARE ALWAYS MORE THAN YOU KNOW”

If one of your important goals is to transition ownership or management to the next generation, your most vital inquiry will be whether the individual stakeholders each, have engaged the issues to discover their own leadership voice.  This is a kind of self-knowledge that goes beyond preferences and strengths to a crucial recognition of purpose.  This kind of knowledge is the best predictor of whether the next generation of stakeholders will each have the capacity to know and fulfill their part.

JP Morgan, in a portfolio entitled “Effective Governance: The Eight Proactive Practices of Successful Families” stated that family management and ownership succeed when family members are committed to a collective identity and are committed to empowering individuals. JP Morgan states the most important two elements.  But our law firm has found that empowering individuals first enhances the process for gaining relevant commitments to build a solid collective identity.

To fulfill the requirements for successful family business management, Ralles Law Firm administers a proprietary leadership program known as Visio Learning.  This program engages all stakeholders, including next generation owners, in a quest guided by the precept that “you are always more than you know.”  The educational process engaged by Stakeholders also delivers a dynamic report of potential risks and opportunities that may appear in the macro business environment.  The Visio Learning succession planning program uses proprietary psychological testing conducted by a  VisioVeritas personal  coach.

If you are ready to conduct a business ownership or management transition, or put a plan in motion to preserve the wealth you have worked so hard to build, I can help. My Tucson offices are open weekdays from nine to five, and I offer off-site and after-hours appointments as well. Contact me today to schedule a consultation and learn more.