Attorneys Jennifer King and Dusty King of King & King, Attorneys at Law, in Gulf Shores, Alabama

Area of Practice

SMALL BUSINESS SUCCESSION

From sole proprietors to corporations, King & King has worked with business owners since 2005. As business owners ourselves, we know how much time goes into building a company. A succession plan decides what happens to it when you retire, sell, become unable to work, or die.

Ownership

Decide who will own the business next (a family member, partner, key employee or outside buyer) and put it in writing with a buy-sell agreement and the right transfer documents. That can include assigning your business interests to your revocable trust.

Attorney Jennifer King of King & King, Attorneys at Law, in Gulf Shores, Alabama

Protect your Assets, Investments, and Hard Work

Governance

Decide who will make decisions if you are gone or unable to. We update the operating agreement or bylaws and name successor managers or officers so the business keeps running.

Financials

A plan needs a way to value the business and to pay for a buyout, such as life insurance or installment payments. We coordinate with your CPA and financial advisor.

Attorney Dusty King of King & King, Attorneys at Law, in Gulf Shores, Alabama

Employees

Key employees often make or break a transition. We help you plan how and when to share the plan, and put agreements in place that encourage key people to stay. Learn more about our business law services.

Schedule a business law consultation with King & King. Consultations are by appointment, and a consultation fee applies. Call (251) 501-6100. Our office is at 191 Northshore Circle, Suite 100-B, Gulf Shores, AL 36542.

No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.