If you are a business owner, planning for the future of your company is just as important as planning for your personal estate. A Business Succession Plan ensures that your company continues smoothly in the event of retirement, incapacity, or death. Without a plan, your business could face disputes, instability, or even dissolution.
At St. Johns Law Group, St. Augustine’s largest law firm, our business succession attorneys in St. Augustine help business owners, families, and professionals create customized strategies that protect both personal and business interests.
Many Florida businesses fail to transition successfully because there is no formal succession plan. A well-prepared plan can:
Ensure continuity of operations if an owner retires, becomes incapacitated, or passes away
Provide a clear roadmap for transferring ownership and management
Minimize disputes among heirs, shareholders, or partners
Preserve the value of the business for future generations
Integrate with your estate plan to protect both family and business assets
We draft and enforce buy-sell agreements between partners and shareholders, outlining what happens in the event of retirement, disability, or death. These agreements also connect with our business and corporate law services.
We help businesses implement insurance and funding strategies to ensure continuity if a key owner or executive is lost.
Our attorneys advise on forming or restructuring LLCs, partnerships, or corporations to make transitions smoother and more tax-efficient.
For family-owned businesses, we assist in balancing fairness among heirs while ensuring the company continues successfully, coordinating with probate administration when needed.
We coordinate business planning with trusts, wills, and estate tax planning so that both your business and personal assets are protected.
Business succession planning often involves significant tax and estate planning considerations. With James Hatfield, J.D./LL.M. in Taxation, we provide advanced strategies to:
Minimize estate and gift taxes
Plan for capital gains
Fund buyouts through insurance or trusts
Integrate with durable powers of attorney and advance directives for incapacity protection
When disputes arise over succession or buy-sell agreements, our litigation attorneys and probate lawyers provide skilled representation to resolve conflicts through negotiation, mediation, or litigation.
St. Augustine’s Largest Law Firm – 12 attorneys, 265+ years of combined legal experience
Full-Service Approach – estate planning, business, tax, probate, and litigation attorneys under one roof
Local Knowledge – serving St. Augustine, Ponte Vedra, Palm Coast, Jacksonville, and Northeast Florida
Dedicated & Responsive Service® – protecting your family, your company, and your legacy
Our business succession attorneys proudly serve:
St. Augustine & St. Augustine Beach
Ponte Vedra & Nocatee
Palm Coast & Flagler County
Jacksonville & Duval County
Green Cove Springs & Clay County
Palatka & Putnam County
Fernandina Beach & Nassau County
Your business is one of your most valuable assets—don’t leave its future to chance. Our experienced business succession planning attorneys in St. Augustine will help you create a clear, enforceable plan that protects your company, your family, and your legacy.
👉 Contact St. Johns Law Group today to schedule your consultation—in person, by phone, or virtually.
What happens if I don’t have a business succession plan?
Without a plan, Florida law and default agreements may dictate what happens—often leading to disputes or forced sales.
Can a buy-sell agreement be funded with insurance?
Yes. Life and disability insurance are common tools for funding succession.
Do I need both a will and a business succession plan?
Yes. A will controls your personal estate, while a business succession plan ensures your company continues without interruption.