For most business owners, the business represents a lifelong labor of love and a significant portion of the family’s overall estate. If you own a business, the effectiveness of your estate plan probably depends on having a well-designed business plan. Your plan must accomplish several goals. It should take into account the possibility of extraordinary growth, while at the same time provide for economic downturns or changes in the business climate that negatively impact your bottom line. It should also shield personal and family assets from those of the business, and protect you and your business from threats or issues such as:

  • Lawsuits
  • Your becoming incapacitated or passing away suddenly, which could prevent loved ones from gaining access to assets
  • Your manner and timing of exit from your business, particularly if you are concerned about your heirs’ maturity, their marital situation, and more
  • Minimizing taxes
  • Problematic partners and employees

With a well-designed and properly implemented plan, you also can help ensure that when you transition out of your business, you will receive the greatest possible return on your initial investment. That is, your plan should help you exit your business efficiently, when you want, in the manner you want.

At Obenauf Law Group, our experienced Maui business planning attorneys can design a business plan capable of helping you at start-up, exit and at every stage in between. We understand and appreciate that the best plans are the result of close collaboration with your existing executives, advisors, CPAs, attorneys, and others. We can provide you with all or just some of the following services, depending on your particular needs and situation:

  • Company formation
  • Choice of business entity
  • Structure of business entity
  • Purchase or sale of a business
  • Ownership issues
  • General legal counsel to businesses and individual owners
  • Coordination of personal, estate and business plans
  • Reorganization and restructuring
  • Mergers and acquisitions
  • Shareholder control agreements
  • Voting agreements
  • Buy-sell agreements
  • Shareholder and partner disputes
  • Sales and disposition of businesses
  • Dissolutions
  • Succession planning
  • Recapitalization

See for yourself how our experience and collaborative approach can work for your business. Contact us today to schedule an initial consultation.