Business & Succession Planning

Business Planning Attorneys in Sioux Falls, South Dakota


No matter if you are just getting started, dominating your field or thinking of an exit, we counsel business leaders and entrepreneurs to maximize the most of out of their business and their private wealth.  From strategic formation, to brand protection, corporate restructuring, to business transitions and succession, we’ve got you covered.

  • Innovative solutions that add value, efficiency, and budget predictability;
  • Suite of pricing so you can select the package and services you want with value-based pricing so you know upfront how we price our services
  • We collaborate with you to help find new ways to identify solutions and new business opportunities, across industries. We strive to be more than just lawyers, we are advisors bringing new ideas to light. We understand what keeps you up at night and work collaboratively to find practical and creative solutions, at the heart of business

For the vast majority of family business owners we have counseled over the years, the business represents the realization of a dream, a sizable investment, years of hard work and a significant portion of the business owner’s overall estate. When you form and structure your business, you are laying a foundation and need to make sure it is solid. This foundation must address the immediate needs of your business, its future success, and offer protection against potential personal liabilities associated with owning and running a business.

We create individualized plans for business owners tailored to their needs and the needs of their business. Once the business is up and running, we can help with annual obligations and planning opportunities. At Legacy Law Firm, P.C., we use cutting-edge legal and tax planning techniques to help guide our clients in making prudent business, financial and personal decisions. We can help you at start-up, succession and every stage in between. In short, we can help you obtain the greatest possible return on your investment of money, time and “sweat.”

Business services provided by Legacy Law Firm, P.C. include:

  • Management and Preservation of Assets
  • Liability Protection Strategies
  • Fiduciary Duties
  • Structuring Redemption Agreements, Option Contracts, Shareholder Agreements, Buy-Sell Agreements and Rights of Refusal
  • Separating Ownership and Control
  • Entity Status, Subchapter S Elections, Limited Liability Companies and Family Limited Partnerships
  • Business Trusts and Real Estate Trusts
  • Employee Ownership Structures
  • Private Split-Dollar Arrangements and other Advanced Funding Mechanisms
  • Business and Tax Planning
  • Asset Protection Planning
  • Succession Planning for Closely-Held Business Interests
  • Board Structure and Governance Issues, before, during and after Intergenerational Transfers
  • When and How to Sell Your Business
  • Phantom Stock Plans, Deferred Compensation and Golden Parachute Plans
  • Equitable Planning for Children Involved in the Business and Children Not Involved