Secure the Future of Your Business with a Thoughtful Exit Strategy
At Morgan & Perry Law, we help business owners plan for the inevitable: leadership changes, retirement, unexpected transitions, and generational succession. Whether you’re preparing for a future sale or passing the business to your children or key employees, a clear legal strategy ensures your legacy stays protected.
With an office in Fuquay-Varina, we serve privately held companies, family-owned businesses, and professionals across Apex, Angier, Holly Springs and the greater Triangle area.
What Is Business Succession Planning?
Succession planning is the legal and strategic process of preparing for a business transition—whether due to retirement, illness, death, or sale. Without a plan, even thriving businesses can face uncertainty, legal disputes, or loss of value.
Our succession planning services include
Ownership Transition Planning
We help you identify and structure ownership transfer strategies that align with your long-term goals, including
- Gifting or selling ownership to family members
- Transferring shares to employees or co-owners
- Creating buy-sell agreements
- Structuring installment sales or redemption plans
- Preparing for a full business sale or merger
Buy-Sell Agreements
A well-drafted buy-sell agreement is critical for businesses with multiple owners. We draft and revise agreements that define:
- What happens if an owner dies, retires, becomes disabled, or leaves?
- How business interests are valued
- Who can (or cannot) purchase an exiting owner’s interest?
- Funding mechanisms (e.g., life insurance or installment payments)
Family Business Transition Planning
Family-owned businesses require special care. We help ensure a smooth generational handoff by:
- Facilitating conversations about future leadership
- Creating balanced roles for children or family stakeholders
- Minimizing tax consequences through proper entity and estate planning
- Aligning business governance with estate documents
Integration with Estate Planning
Succession planning is most effective when coordinated with personal estate planning. We ensure your business plan works in sync with:
- Your will or trust
- Powers of attorney
- Wealth transfer goals
- Tax strategies to preserve value for heirs
Exit Strategy for Sale or Merger
If you're planning to sell your business, we help prepare you legally and financially, including:
- Business valuation preparation
- Sale structuring (asset vs. stock sale)
- Deal negotiation and closing
Who Should Consider Succession Planning?
Owners of small to mid-sized
businesses
Family-owned businesses preparing for generational change
Partners in professional firms or practices
Business owners nearing retirement
Entrepreneurs seeking to reduce risk and create exit options
Plan Now, Transition Smoothly Later
The earlier you begin business succession planning, the more options you have—and the more value you preserve. Let Morgan & Perry Law help you protect what you've built and ensure your business continues to thrive.
Buying or merging a business? Call Morgan and Perry Law, PLLC, at (919) 584-5293 or email us at Michaela@morganperrylaw.com for legal guidance backed by SBA lending experience.