YOUR BUSINESS - YOUR LEGACY

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When a business owner retires, leaves, or passes away, what happens next can determine whether the business survives or struggles. Business succession planning is the process of creating a legal and financial plan for who will take over ownership and management of your business. It helps your company continue to run smoothly, avoid disputes, and protect the value you’ve built over the years.

At the David Flores Law Firm in Houston, we help business owners create strong succession and exit strategies that fit their goals and families. Whether you own a small business, family business, or professional practice, we make sure your plan protects your hard work and your loved ones.

Why You Need a Business Succession Plan

Without a plan, a sudden event—like the owner’s death or incapacity—can cause confusion, legal battles, or even the loss of the business. 

A clear plan provides:

• Continuity: Ensures your business keeps running without interruption.
• Control: Lets you decide who inherits or buys your ownership interest.
• Protection: Reduces taxes, legal costs, and family disputes.
• Clarity: Outlines management and ownership changes in advance.

Types of Business Succession Plans

Long-Term Plans

These plans prepare for retirement or an expected transition. They may include:

• Training and mentoring future leaders.
• Reviewing ownership and partnership agreements.
• Updating your plan as your business grows.

Emergency Succession Plans
These plans address sudden events such as unexpected death or disability. They explain:

• Who will take charge temporarily.
• How ownership will transfer until a long-term plan takes effect.

Work with a Houston Business Succession Attorney

Our law firm can help you:

• Draft or update your buy-sell agreement.
• Coordinate your estate planning with your business goals.
• Develop an exit strategy or ownership transfer plan.
• Protect your business from probate or disputes.

Having an experienced Houston business succession lawyer on your side ensures your plan complies with Texas business law and reflects your personal wishes.