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A shop ower runs a family business — New York

Run a family business & need legal help?
Anike Law is here.

Family businesses can be the most valuable financial asset you own — even more so than a vehicle, house, or other assets. But there are complex nuances involved in running a family business, and it can feel catastrophic when your family business is experiencing legal woes. If you’re at a point where your personal life is too entangled with your business life, an expert from Anike Law can be there as your trusted family business attorney in Buffalo, New York.

Addressing All Family Members’ Concerns 

We understand the sensitivity of the wide range of issues that arise when family members undertake business ventures together or are linked by family or generational wealth. If you’re looking for counseling on business-related legal matters, we can discuss matter including: 

  • selling your business to family members

  • retirement

  • dispute resolution

  • selling your business to non-family members

  • financing

  • trusts and estates

  • federal income and estate taxes

  • shareholder agreements & shareholder liquidity

Business Succession Planning is Important in New York

Some business owners have addressed their estate plans but do not know why they should also have a business succession plan in place. Are you one of these family business owners? Your estate plan covers your personal assets, but you must also address the future of your business after you retire or pass away. Having two distinct plans for your estate and your business can ensure a comfortable retirement and help future generations run the family business in accordance with your vision. It’s critical to get professional legal guidance when formulating these plans. Anike Law can provide this guidance.

Frequently Asked Questions

How can Anike Law help my family business?

If business controversies lead to litigation, we can offer advice defining the rights & responsibilities of family members toward business operations.

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What types of problems does a family-run business experience?

The informal structure & laid-back culture found in many family businesses can lead to poor documentation & ill-defined business goals.

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