Business Succession - Hegwood Law Group

Family Matters: Planning Mistakes Small Business Owners Should Avoid

Small business owners are nothing if not hard workers. Many spend a lifetime pouring their blood, sweat, and tears into their businesses. Without smart planning, all that work can be lost through disability, retirement, or death. If you own your…

Houston Business Lawyer: Succession Planning for Your Small Business is Crucial for its Survival

You have worked hard for the success of your small business, but have you thought about what will happen to it after you are gone? By engaging in Succession Planning, the small business owner can ensure that his or her…

Houston Business Planning Lawyer: What Happens to Your Sole Proprietorship When You Die?

Sole proprietorships are a common type of business. For sole proprietorships, the business owner and the business are the same legal entity. The business owner of a sole proprietorship is personally responsible for any debts the business incurs. However, unlike…

Don’t Use Your Will for Business Succession

A recent article from NJ 101.5, “Should you leave a business in your will?,” asks whether using a will for business succession may have estate tax consequences. That tax might have been substantially reduced or eliminated with good estate planning…