Death of a Business Owner
If you lost a loved one who also happened to be a business owner, you may be looking to understand what probate laws apply to your situation and find out more about probate for small business owners.
Given the circumstances, how can you keep the business running as smoothly as possible and protect your family and the company’s employees?
Obviously, the loss of an owner can have major ramifications for the business, whether it’s a small, close-knit organization (5 to 10 people) or a mid-size company with 50 or more employees.
Did the owner make arrangements for a successor? Should the company be sold? If so, what timeframes and milestones should you identify and track?
Perhaps the business is a family business, and there is a risk that the heirs could fight over the company’s leadership or direction. Or maybe a partner wants to buy out the family’s interests. Should you sell? If so, how should you negotiate a fair price and terms?
Get Help with Probate Involving Small Business Owners
These and other issues add to the normal challenges of probate and trust administration. At Guardian Probate Law Group, we will help you move in the right direction and find solutions based on the unique facets of your situation, the business’s financials, and the succession plan, if there is one.
A qualified attorney who understands Georgia probate law can help keep operations running and avoid potential problems, such as disgruntled creditors or vendors suing the business, key employees losing or leaving their jobs, and tax consequences draining your loved one’s estate.
Call us today at (770) 920 6030 to set up a complimentary, confidential consultation with our team to discuss how probate court laws apply to your specific situation.
