1368. Law Office of David Steinfeld, P.L. How to Protect your Business Assets There is a famous saying that the failure to plan is a plan to fail. That appropriately addresses what happens when a business owner dies without any documents to address the transition of the business. In that case the business owner can leave a disaster for those who survive.
An easy solution is to have an experienced business lawyer prepare a simple document to allow a surviving spouse, employee, or other beneficiary to instantly take over and run or wind up the business. This allows the survivor to take advantage of the value of the business at the time of the owner’s death for the benefit of whom ever the owner desire like family or charity.
3801 PGA Boulevard Suite 600 Palm Beach Gardens https://www.davidsteinfeld.com/
Palm Beach Gardens, FL 33410