Having a business succession plan in place is essential to the longevity of a family business. A succession plan provides clarity to future generations about how the company will run and who will succeed the current owner. Coleman Talley attorneys have decades of experience counseling clients in succession planning by balancing both business and family goals to help successfully transition the family business to the next generation. Our firm focuses on details such as clearly defining the roles and rights of all members in the succession process, how to plan for future leadership, transferring ownership of the family business and the documentation needed to keep a clean record of such transfer, and other matters such as taxes, liability, and estate planning. The earlier you begin to plan, the less challenges you will face in the future.