Contact Our Firm Today

337 234 5350

Succession Planning

Succession Planning

Mapping The Future For Individuals And Businesses In Louisiana

The future is never certain. By making a business succession plan, though, you can ensure many matters are under your control. If you are ready to map out the future of your business or estate, you can rely on our attorneys to help you.

At VeazeyFelder, LLC, we assist individuals and business entities in developing and implementing HR and succession strategies. With a strong local history, we feel proud to serve clients throughout every parish of Louisiana. Our lawyers have in-depth experience handling:

  • Business valuation
  • Organizational structure
  • Wills and powers of attorney
  • Successions
  • Mergers and acquisitions
  • Probate avoidance
  • Compensation and benefits
  • Exit strategies
  • Corporate governance
  • Civil and commercial litigation

From resolving tensions among family members to overseeing the sale of a company, our team has encountered just about every succession contingency. We take pains to learn the ins and outs of your organization to help you determine what is best for its future. When it is time to think ahead, you can rely on our counsel to plan your legacy.

A Litigation Background When You Need It

With a strong litigation background, we can anticipate potential problems and minimize your risk of exposure. If a dispute involving your company does arise, you will have our team of seasoned litigators at the ready. In addition to our solid record of settlements and verdicts, we understand the importance of cost-benefit analysis when pursuing a claim or defending you in an action.

Does your business entity overlap with other parts of your life? Learn more about the other areas of law that we practice and how they may affect you.

Planning For The Future Of Your Business

Building a successful business takes years of hard work. Ensuring that business continues to thrive after your retirement, disability or departure requires thoughtful planning long before those events occur.

At VeazeyFelder, LLC, we help business owners throughout Lafayette and South Louisiana develop practical succession plans that protect their companies, employees and families. Whether your goal is to transfer ownership to family members, sell your business to a third party, bring in new partners or simply prepare for the unexpected, we work with you to develop a strategy tailored to your long-term objectives.

A well-designed succession plan can reduce uncertainty, minimize conflict and help preserve the value of the business you have worked so hard to build.

Practical Legal Guidance For Business Owners

Business succession planning often involves much more than choosing who will own the company next. It may require reviewing your business structure, updating governing documents, coordinating estate planning, evaluating tax considerations and preparing agreements that address future ownership transitions.

Our attorneys assist clients with matters including:

  • Business valuation
  • Buy-sell agreements
  • Ownership transition strategies
  • Organizational structure
  • Corporate governance
  • Mergers and acquisitions
  • Executive compensation and benefits
  • Wills, powers of attorney and successions
  • Probate avoidance strategies
  • Exit planning for business owners

Because our attorneys also handle commercial litigation and business disputes, we understand the issues that commonly arise when succession planning has been overlooked. We use that experience to help clients anticipate potential problems before they become costly legal disputes.

Take The Future Into Your Hands

Business and succession planning is not a matter that you should leave to fate. We can help you shape it yourself. Contact our office in Lafayette to schedule an initial consultation about your business succession plan. To reach us, call 337 234 5350 or send us an email.

Business Succession Planning FAQs

A business succession plan establishes how ownership and management of a business will transfer when an owner retires, becomes disabled, dies or decides to sell the company. A comprehensive plan helps reduce uncertainty and protect the long-term success of the business.
The best time is well before you intend to leave the business. Early planning provides more flexibility and allows time to address ownership, tax, financial and operational issues before an unexpected event occurs.
Yes, many family-owned businesses are transferred to the next generation. However, careful planning is often necessary to address ownership interests, management responsibilities, tax considerations and the expectations of family members involved in the business.
A buy-sell agreement establishes what happens if an owner retires, dies, becomes disabled or wants to leave the business. These agreements often determine how ownership interests will be valued, who may purchase them and how the transaction will occur.
For many business owners, succession planning and estate planning work together. Wills, trusts, powers of attorney and other estate planning documents can complement a business succession strategy to help ensure assets are transferred according to your wishes.
A current business valuation provides a realistic understanding of the company’s worth and can play an important role in ownership transfers, buy-sell agreements, estate planning and business sales.
Without a succession plan, businesses may face ownership disputes, operational disruption, unexpected tax consequences and expensive litigation. Planning ahead can reduce these risks and provide greater stability for owners, employees and family members.
Yes. We assist business owners with exit strategies, mergers, acquisitions and business sales, helping clients prepare for transactions while protecting their legal and financial interests.

Learn More About Our Practice