Business Succession Planning

Farming families in the Midwest maintain strong ties to their land, often keeping farms in their families for multiple generations. Owners of small and large businesses in any industry often desire that what they have built up will continue for years to come, whether a family member takes over or not.

Issues of business succession planning are similar to that of Probate & Estate Planning for families, requiring early development of a long-term plan with the assistance of an experienced lawyer.

Helping North Dakota And Minnesota Farmers Pass Ownership To Future Generations

Brudvik Law Office has been providing comprehensive business law services to clients in West Fargo and throughout North Dakota and western Minnesota since 1978. Our experienced attorneys understand your desire to maximize the success of your business today while planning for the future.

Day-to-day operations can make it nearly impossible to spend adequate time preparing a succession plan for your business or company. However, just as with life, you never know when the economy, weather, or a sudden death or disability of a co-owner or key employee will forever change your business operations.

We will help you establish a business plan that contemplates the eventual transfer of real estate, business assets and goodwill to the next generation in your family or to an unrelated buyer. Our goal is to help you create security and efficiency as your business grows and as you work toward retirement or a sale of your business interests.

Experience. Commitment. Passion.

At Brudvik Law Office, we value the personal relationships we develop with families and business owners we represent. When you have questions about succession planning or about issues of business or corporate law, contact us to set up a free initial consultation. Call us today at 701-786-6177 or submit your questions online.