Business Succession Planning in Cooper City, Florida
Business succession planning prepares for the transfer of business ownership and management through family transitions, employee buyouts, or outside sales. It addresses valuation, tax minimization, and continuity to protect the business you built. Mark Mastrarrigo P.A. helps Cooper City and Broward County business owners create succession plans that preserve value, minimize taxes, and ensure smooth transitions to the next generation or new ownership.
When This Service Is Needed
- You plan to retire within 5-10 years and need an exit strategy
- You want to transfer your business to children or family members
- You have key employees who could purchase the business
- Your business represents most of your wealth and needs to fund retirement
- You need contingency planning in case of unexpected death or disability
How This Fits Into Your Estate Plan
For business owners, succession planning is inseparable from estate planning. Your business interests may represent the majority of your estate value, affecting tax planning, liquidity needs, and asset distribution. A comprehensive plan coordinates buy-sell agreements, business trusts, estate tax strategies, and contingency planning to ensure your business continues successfully while providing for your family and heirs.
Planning Your Business Transition
You've built a successful business. Now it's time to think about what happens next—whether that means transitioning to family, selling to employees or outside buyers, or planning for unexpected events.
Mark Mastrarrigo P.A. helps business owners in Cooper City and Broward County develop succession plans that protect their legacy, minimize taxes, and ensure business continuity.
Succession Options
- Family Transitions – Transfer to children or other family members
- Employee Buyouts – Sell to key employees or management teams
- Outside Sales – Position your business for sale to third parties
- Hybrid Approaches – Combine strategies for optimal results
Key Planning Elements
Effective succession planning addresses valuation, tax efficiency, management transition, buy-sell agreements, and integration with your personal estate plan.
Frequently Asked Questions
What is business succession planning?
Business succession planning prepares for the transfer of business ownership and management, whether to family members, key employees, or outside buyers, while minimizing disruption and tax impact.
When should I start succession planning?
Ideally, 5-10 years before you plan to exit. This allows time to groom successors, implement tax-efficient transfer strategies, and address any obstacles to a smooth transition.
How can I transfer my business to family members?
Options include outright gifts, sales, gradual equity transfers, family limited partnerships, and trusts. The right approach depends on your goals, tax situation, and family dynamics.
What if I want to sell to employees?
Employee buyouts can work through direct sales, earn-outs, or Employee Stock Ownership Plans (ESOPs). These arrangements allow you to reward key employees while ensuring business continuity.
How does succession planning relate to estate planning?
Business interests often represent a significant portion of an estate. Succession planning coordinates with estate planning to minimize taxes, provide for heirs, and ensure business continuity.
Related Services
Plan Your Business Transition
Contact our Cooper City office to discuss succession planning for your business.
5500 South Flamingo Road, Suite 205, Cooper City, FL 33330
(954) 820-8535Last reviewed: February 2026
Secure Your Business Legacy
Schedule a consultation to discuss business succession planning.