Business Succession Planning
Preserve Value. Plan Ahead. Pass It On.
Your business is more than your livelihood—it’s a legacy. At Loviscky & Cressman, we help owners of closely held businesses and professional practices create thoughtful, strategic succession plans to ensure a smooth transition of leadership, ownership, and value. Whether you're planning for retirement, preparing for the unexpected, or building a long-term legacy, our attorneys work alongside you to create a plan that protects what you've built.
Why Business Succession Planning Matters
Without a clear plan, even the most successful businesses can face turmoil during a leadership transition. A well-structured succession plan can:
- Reduce disruption and uncertainty
- Protect business value and family relationships
- Minimize tax burdens
- Clarify future ownership and leadership roles
- Support long-term continuity for employees, clients, and stakeholders
Succession planning isn’t just for the future—it’s a smart business strategy for today.
Our Business Succession Services Include:
- Strategic Planning
We help you identify your goals, assess your business structure, and develop a tailored roadmap for succession—whether to family, key employees, or outside buyers. - Inter-Generational Planning
Our attorneys work with business owners and their families to structure ownership transitions that balance fairness, protect relationships, and preserve operational continuity. - Buy-Sell Plan Review
We review, draft, and revise buy-sell agreements to ensure they are legally sound, clearly funded, and aligned with your long-term objectives. - Tax-Optimized Transfers
We develop transfer strategies—whether through gifting, sales, or trusts—that reduce tax exposure and maximize retained value for both the business and its successors.
Who Needs Succession Planning?
Succession planning is especially critical if you:
- Own a family-run business or professional practice
- Want to retire, reduce your involvement, or plan for incapacity
- Have partners or co-owners<
- Need to protect your business in the event of death or divorce
- Hope to preserve the business for future generations
Why Work with Loviscky & Cressman?
- Estate, Tax, and Business Law Expertise
We bring a multi-disciplinary approach that combines strategic legal thinking with deep tax planning knowledge. - Customized Planning, Not Templates
Every business is different. We design solutions that reflect your unique goals, values, and structure. - Trusted by Business Owners Across Central PA
We’ve helped generations of entrepreneurs in State College and beyond protect their companies and secure their futures.