Contact Troy Moore
Houston Business Succession Lawyer
Strategic planning and implementation are required to see a successful transfer of ownership of a business. For many small business owners, this venture represents years of time, energy and financial investment. To protect this work and see it continue to prosper, it is critical that you work with a skilled lawyer who understands the business and legal considerations needed to avoid costly mistakes.
At Law Office of Troy M. Moore, PLLC, we routinely assist individuals and business owners in succession planning. Whether you are preparing for the future and a time when you can no longer run the company or are simply handing over the reins, our attorneys can guide you through this process, protecting the interests and operations of the business.
Houston Business Succession Lawyer — Intestate Succession Planning
Succession of a business must be tailored to its specific type of formation or entity. For a sole proprietorship, the company may successfully be passed to another owner through a simple succession plan, with proper documentation and transfer of required titles. Partnerships require a buy-sell agreement between the partners, either selling the remainder of the business to the surviving partner or providing a sale agreement between the surviving partner and the deceased partner's heirs. This can also provide clear direction as to the role the heir will play in the business going forward. Corporations require additional agreements and transfers of shares and stock, but these requirements are generally already outlined as existing contingency plans for the death or divorce of controlling interests.
Our attorneys possess a deep understanding and breadth of knowledge in succession planning and will tailor our solutions to protect your interests and the investment you have made into your business.
To learn more about how we can assist you in transferring ownership of your business and creating agreements that protect your interests, please contact our Houston, Texas, law firm today at 281-970-8039.
Small Firm Attention,
Large Firm Results!
Law Office of Troy M. Moore, PLLC, of Houston, Texas, provides representation throughout the metro area, including Houston, Cypress, Cy-Fair, The Woodlands, Spring, Katy, Tomball, Pinehurst, Magnolia, Waller, Harris County and all of Northwest Houston and North Houston.
12850 Jones Road, Suite 201
Houston, TX, 77070
Office (281) 970-8039