What is Business Planning?

Approximately 70% of family-owned businesses do not successfully transition to the second generation, and about 90% do not positively transfer to the third generation. A plethora of situations must be considered prior to your passing if you own a business.

You must determine who will run the business, who will control the stock of the business, and who will take over the business after you pass away. Properly created estate plans should address if you want the business to continue after your death, as well as who should run the business and control the stocks. However, before making these decisions, it is important that the business owner discusses the options with those involved, including the family and business partners. After everyone reaches a conclusion, a business plan may be created within an estate plan.

If you wish to construct a business plan, contact Pederson Law Offices. We can help business owners with:

  • Entity Formation: Selection of the proper business entity can provide benefits both during your lifetime and upon your passing. From liability protection during operation of your business to use as a wealth transfer vehicle, the proper business entity can serve many purposes. However, selection of the legal entity is critical, and many factors need to be analyzed. We will guide you to ensure proper selection of your entity as well as the ongoing maintenance of such.
  • Buy / Sell Agreements: Our firm has the ability to assist business owners with buy/sell agreements and general business agreements. A buy/sell agreement is ideal to establish as soon as a business begins. It protects business owners if a co-owner becomes disabled, passes away, or voluntarily wishes to leave a company. A properly structured buy/sell agreement not only protects the business and the current business owners, but also protects the disabled, deceased, or retiring business owner and his or her family. We may also assist with creating business contracts. Our team knows who and what needs to be involved in constructing a business agreement, in order to prevent legal issues from arising at a later date.

Business Planning with a Ventura County, CA Lawyer

Please contact an attorney from Pederson Law Offices if you are interested in starting your own business and need contract and agreement or entity formation assistance. Our lawyers are more than happy to help the residents of Thousand Oaks, as well as individuals throughout Ventura County. We have been assisting people with business law, probate administration, and estate planning issues since 1978, and we have the ability to help those who require legal support.

Call our office today at (805) 495-3444 and schedule a free, no-obligation, 30-minute consultation.

Our Client Reviews

  • We highly recommend them to both our clients and our friends.

    - Phil

  • They were attentive to my particular situation through every detail and I feel confident in the final product.

    - Sarah

  • They are the ultimate professionals and attention to detail is a priority.

    - Alan

  • They are extremely professional , well organized and always willing to answer any questions.

    - Michelle

  • Grant made the process clear and straightforward.

    - Arturo

  • They’re incredibly responsive, and the entire team is made up of good people who are enjoyable to work with.

    - Ed

  • They are very thorough and professional.

    - Darren

  • We Highly Recommend Grant To all our Friends and Family. We Feel Blessed to have Found Him!

    - Sally

  • They also did an excellent job at taking into account our goals and wishes.

    - Tim

  • Overall an AAA+ experience!

    - Ronald

  • Honest informative and very down to earth.

    - Theresa

  • He listened to my needs, answered my questions and ultimately designed a product that suited my needs.

    - Steve

  • Thank you for making a difficult process seem so easy.

    - Linda

  • Overall, we have been very pleased with the services we received and would definitely recommend them to family and friends.

    - Eunice

  • Very knowledgeable and helpful. Wish I could give more stars, but the system won't let me!

    - William

  • If you're looking for someone to help you with wills, trusts and/or estates, the Pederson Law Office is the place to go.

    - Robin

  • Answered all questions and explained all options clearly and patiently.

    - Lisa

  • Their knowledge and attention to detail was impressive.

    - Andrew

  • You and your staff are great. I would refer you anytime.

    - Leanne

  • I cannot recommend this team enough....don't delay....just get it done with this team!!

    - DeLiese

  • Excellent and easy to work with. Very complete.

    - Michael

  • Grant Pederson and wonderful staff recently fully amended and updated our Living Trust and has done an excellent job!

    - Raul

  • Professional, extremely detail oriented, compassionate and trustworthy.

    - Suzanne

  • My wife and I really like the Pederson Law Office. We would recommend them to our family and friends.

    - Maretno

  • They made a sometimes difficult process quite easy.

    - Tom

  • Grant was extremely efficient and helpful preparing my personal and family trusts.

    - Gerry

  • Grant has supported our family and made sure we were well protected.

    - James

  • We can’t say enough great things about this excellent law office.

    - Vicki

  • Grant Pederson is honest, caring and knowledgeable.

    - Fran

  • You will never get the feeling it's "just a job" at this outstanding, longtime Conejo Valley resident law firm.

    - Greg

  • We have been using their services for nearly 15 years without complaint.

    - Wayne

  • We at no time felt rushed or pressured. He returned our completed documents quickly.

    - Robert

  • Grant was very professional and knowledgeable with all of our questions, and over relatively short time, he had redone a Living Trust that we are very happy with.

    - John

  • He was very personable, professional and knowledgeable, and walked us through the whole process.

    - G.C.

  • Grant Pederson goes above and beyond to make sure your needs are met!

    - D.S.

  • The experience of creating a living trust was excellent with Grant.

    - T.L.

  • We highly recommend Grant and his team for your family's trust needs.

    - D.A.

  • I would not hesitate to recommend them to anyone needing the type of services they provide.

    - Anonymous

  • We are glad to have completed the initial planning for what we hope will be an enduring family legacy.

    - Trevor and Karlee

  • We are relieved to know that we have someone there to help us make the right choices for us and our family.

    - C.M.

  • When I let Grant know that I had travel plans, he accelerated work on some documents I wanted to be changed so that they could be ready before I left.

    - Michael

  • He was sympathetic to my concerns and made a difficult situation tolerable. I found Grant to be personable as well as knowledgeable and trustworthy and would definitely recommend him.

    - Anita

Prev Next

Our Lawyers Are Here To Help

Start planning for your future by filling out this easy case evaluation form.

    • Please enter your name.
    • This isn't a valid phone number.
      Please enter your phone number.
    • This isn't a valid email address.
      Please enter your email address.
    • Please make a selection.
    • Please enter a message.