Scranton Business Succession Lawyer for Family and Closely-Held Companies
Helping NEPA Owners Plan the Hand-Off
From shops along Lackawanna Avenue to operations near the Keystone Industrial Park, Northeastern Pennsylvania runs on small businesses. Hart Law helps owners in Scranton, Dunmore, and Carbondale design business succession plans that protect jobs, customers, and family harmony. We coordinate with your CPA and advisors, explain options in plain English, and create a plan you can actually put to work.
A Practical Path to Ownership Transition
We turn big questions—who takes over, when, and how—into a clear, written plan.
Goals, Roles & Valuation
We define leadership roles, set triggering events (retirement, disability, buyout), and pick a valuation method everyone can live with.
Buy-Sell Agreements
We draft or update cross-purchase or entity-purchase agreements, with funding options like insurance or scheduled payouts.
Family Business & Fairness
We balance working and non-working children, document expectations, and reduce the chance of disputes later.
Estate, Real Estate & Continuity
We align your will or trust, address company property and leases, and prepare emergency authority if the unexpected happens.
FAQ: Business Succession in Pennsylvania
When should I start succession planning?
Sooner is better—plans work best when made before there’s an emergency.
What is a buy-sell agreement?
A contract that sets price and process for an owner’s exit—retirement, death, disability, or dispute.
How do we treat children who don’t work in the business?
We can separate ownership from management and use trusts or payout schedules to keep things fair.
Do I need to change my estate plan too?
Usually yes—we align company documents with your personal plan so nothing conflicts.
Next Step: Free Consultation
Let’s map a plan that protects your people and the business you built. Hart Law will draft the documents and keep the process moving.