Succession Planning

The attorneys of Sirote & Permutt’s Succession Planning group help business owners design and implement business structures and succession plans to transfer the ownership and management of their companies and professional practices in a straightforward, tax-efficient manner.

Business succession planning often involves the sale or gifting of business interests to family members, sometimes across multiple generations. From establishing the most appropriate entity for your business and implementing Buy-Sell Agreements to govern the transfer of ownership, to assisting with the eventual transfer of ownership through the use of Grantor Retained Annuity Trusts, sales to "intentionally defective" Grantor Trusts (including Dynasty Trusts) and other sophisticated planning techniques, Sirote's attorneys provide a full range of services to help ensure the stability and continuity of your organization.

It is not always possible or desirable to transfer ownership of your business to a family member. In those situations, we can assist with the sale of business interests to employees or third party investors in a tax-favored manner.

Attorneys within our Succession Planning group provide a wide range of services, including:

  • Wills, trusts and asset protection
  • Real estate and property transfers
  • Tax liability planning
  • Employee contracts and handbooks
  • Multi-generational family meetings


Ronald Levitt to Speak at American Bar Association Tax Section Meeting - 1/29/2015

Ronald Levitt Quoted in Two Bloomberg BNA Articles - 12/2/2014

Sirote's Bruce "Andy" Andrews Quoted In Birmingham Medical News - 12/6/2013

Brad Sklar Pens Column on Alabama's Historic Tax Credit - 10/15/2013

Attorneys Speak about Tax Issues to the Alabama Association of Accountants & Tax Preparers - 9/20/2013

Sirote Attorney Howard Neiswender to Speak about Estate Planning at ASCPA Webinar - 9/19/2013

Sirote Attorneys Ronald Levitt and Brad Sklar to Speak about LLC's at ASCPA Webinar - 9/3/2013

Sirote CEO John Cooper is Upcoming Speaker for ASCPA Webinar - 8/22/2013

Best Lawyers Recognizes 46 Sirote Attorneys as the "Best Lawyers in America" for 2014 - 8/16/2013

Sirote's Don Johnson to Speak About 1031 Exchanges at ASCPA Webinar - 8/15/2013

Sirote Attorney Howard Neiswender Will Speak at ASCPA Webinar - 8/8/2013

Sirote CEO John Cooper to Speak at ASCPA Webinar - 8/2/2013

Sirote & Permutt Present ASCPA "Hot Topics in Tax" Webinar Series - 7/25/2013

Sirote's Brad Sklar Named Co-Chair of American Institute on Federal Taxation - 6/26/2013

Seven Sirote Attorneys Selected for 2013 Chambers USA List of the Best - 6/4/2013

Sirote CEO John Cooper featured in Business Journal's “Six Tips for Building Office Morale” - 2/4/2013

Best Lawyers Recognizes 46 Sirote Attorneys as the "Best Lawyers in America" for 2014 - 8/16/2013

Sirote's Ronald Levitt Speaks about S-Corporations and LLC Mergers - 5/30/2013

Sirote's Ronald Levitt to Present Estate Planning Webinar - 4/8/2013

Sirote's Ronald Levitt Warns of Looming Tax Issues for S Corporation Owners - 3/13/2013

Sirote Legal Alert: The Changing Tax Climate - 12/10/2012

Six Sirote Attorneys Designated "Best Lawyers of the Year" for 2012 - 11/17/2011