For closely held and family-owned businesses, succession planning is essential to preserving enterprise value, maintaining continuity, and transitioning ownership and leadership to the next generation. Peck Baxter works with business owners, families, and management teams to develop succession strategies tailored to their long-term business, financial, and personal objectives.

Our attorneys advise on ownership and management transitions, family succession, buy-sell agreements, shareholder and operating agreements, key-person planning, management incentives, business sales, and the transfer of interests to family members, employees, or outside purchasers. We also help clients address governance, valuation, liquidity, and potential disputes among owners or future beneficiaries before those issues threaten the business.

Because business succession frequently intersects with estate planning, tax strategy, and generational wealth transfer, Peck Baxter takes an integrated approach to the process. Working alongside clients’ tax, financial, and other advisors when appropriate, we develop structures designed to protect the business, provide for owners and their families, and position the enterprise for a successful transition to its next generation of leadership and ownership.