Buying or Selling a Business & Business Succession Planning

The amount of money you ultimately earn from your business depends in large part on the manner and timing of your exit. So, too, does the chance your business will survive into the next generation. While the vast majority of businesses in the United States are comprised of family-owned entities, most do not survive into the second generation and by the third generation, 85% are extinct. The odds your business will survive your exit, and the amount of money you earn from your business, are much higher if you have a thoughtful succession plan in place. Unfortunately, most business owners do not have such a plan. Our Sioux Falls business attorneys have the knowledge and experience to help business owners who are selling their business, buying a business, to business succession planning or transition planning. Our business lawyers can also help you with mergers and acquisitions (M&A). Whether you are merging your business (a merger is when two or more separate companies combine and merge together) or acquiring a business (an acquisition is when one company buys another company), we are here to help.