Underinsurance is a threat to a small business' assets? You may have insurance coverage but it may be insufficient to cover your exposure. Excess coverage is relatively cheap and should be discussed with your insurance agent.
Wisconsin Small Business Planning Lawyers
Small businesses are often owned and operated by a group of family members or individuals that have known each other for years. They are close-knit groups that are heavily invested in their businesses. In this situation, it is important that the proper type of succession plan be established to secure the future stability of the company.
From our Delafield, Wisconsin, office, the Zimmerman & Steber Legal Group, S.C. has been representing the interests of Wisconsin small business owners for over 25 years. We pride ourselves on our dedication to each client, getting to know them and their business throughout the course of handling their estate planning and other business matters. By getting to know our clients and their businesses, we are able to tailor our assistance and recommend actions to suit the needs of both the business and the individual client.
It is important to plan ahead, especially when a business is involved. The benefit of planning ahead is that if a crisis arises, less time is spent scrambling to decide what to do with the business. Planning minimizes the uncertainties that may exist in the event that a death or disability occurs.
We also establish planning for businesses to accommodate your retirement in the future. This foresight allows for a financially secure transition of the business from one individual or group to another. Time, expenses and taxes may be spared with planning, such as establishing a business succession plan.
To discuss your specific small business estate planning needs, contact a lawyer at Zimmerman & Steber Legal Group, S.C. and schedule a free initial consultation. Our hourly rates for small business planning matters are very reasonable and we are available evenings and weekends.