Business Succession Planning

Business Succession Planning Attorneys for Philadelphia and Surrounding Counties

If you own a business, succession planning isn’t optional—it’s essential. Without a clear plan in place, your company’s future could be left to chance, risking financial loss, tax burdens, and family disputes. At Mittman Law, we work with business owners throughout Montgomery County, Bucks County, Philadelphia, Chester, Lehigh, Northampton, and Delaware Counties to protect what they’ve built and ensure a smooth transition of leadership and ownership.

Whether your goal is to transfer the business to family, sell to a partner, or prepare for an unexpected event, we design legal strategies to make sure your business legacy endures.

Our Business Succession Planning Services

We guide business owners through all stages of succession planning—from vision to execution—with strategies that minimize risk and maximize long-term value.

Ownership Transfer Planning

Passing ownership the right way requires more than signing a document. We help clients:

Structure transfers to children, key employees, or business partners

Plan phased handoffs to preserve continuity and reduce disruption

Use buy-sell agreements to define what happens in case of death, disability, or retirement

Protect business interests in blended family or multi-partner situations

Valuation and Tax Strategy

Understanding the value of your business and its tax impact is key. Our team works with financial professionals to:

Establish fair and defensible business valuations

Minimize estate, gift, and capital gains taxes through structured transfers

Create trusts or corporate structures that limit tax exposure

Integrate retirement and investment strategies into your exit plan

Emergency & Contingency Planning

Unexpected events can derail a business without the right protections in place. We help you prepare for:

Disability or sudden illness of a business owner

Key person loss or partner disputes

Legal authority issues when no succession plan exists

Protecting personal assets from business liability in transitional periods

Estate and Family Coordination

Succession planning is personal—especially for family-run businesses. We support you by:

Balancing family dynamics with sound legal decision-making

Coordinating your succession plan with wills, trusts, and powers of attorney

Ensuring heirs understand their roles and responsibilities

Reducing the chance of future disputes over leadership or ownership

Benefits of Business Succession Planning

A strong succession plan allows your business to thrive beyond your tenure. The right legal structure can help you:

Preserve business value for the next generation

Avoid family conflicts or partner disputes

Reduce tax burdens and estate costs

Provide for your retirement while securing the company’s future

We’d Like To Help You Protect Your Legacy

For more than a century, we have worked with individuals and families to translate their success into a meaningful and lasting legacy. Let us help you plan and probate your estate. Contact Us Today (215) 822-9750 for a FREE consultation.

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Why Choose Mittman Law?

At Mittman Law, we understand that your business is more than an asset—it’s your life’s work. For over 40 years, we’ve helped entrepreneurs across Southeastern Pennsylvania plan with confidence. Here’s what sets us apart:

Multi-Disciplinary Approach

Tailored Legal Solutions

Efficient Execution

Trusted Across the Region

Family-Owned and Operated