A successful business transition doesn’t happen by accident. It’s planned—deliberately, early, and with trusted legal guidance. At Baumgard + Fedance, we help business owners design and execute smart succession strategies that protect the value of what they’ve created while paving the way for future leadership.

Whether succession is near-term or years down the road, we help you take control of the process before circumstances dictate it for you.

We help you plan for a smooth transfer of ownership—whether you’re passing the business to your kids, selling to a trusted employee, or preparing for an outside sale. This often involves:

Buy-sell agreements
Gifting strategies and family transfers
Cross-purchase and redemption structures
Entity restructuring

It’s not just about who owns the business. It’s about who’s running it and how decisions get made. We help you develop leadership plans and governance structures that support long-term stability.

Board setup and advisory roles
Key employee retention planning
Successor training and role transitions

If a third-party sale is the right move, we can help get your business ready. We assist with legal due diligence, compliance clean-up, and deal structuring so that your business is positioned well—on your terms.

Thinking about transitioning ownership to your team? We advise on employee stock ownership plans (ESOPs) and other equity-based transitions that reward long-time employees and preserve company culture.

Unexpected things happen. We build contingency plans that protect your business and your family in case of sudden death, disability, or departure.

Succession Planning

You’ve built something great. Let’s make sure it lasts.

Succession Planning

Ownership & Transition Planning

Leadership & Governance

Exit Strategy & M&A Readiness

ESOPs & Employee Transitions

Contingency Planning

You’ve built something great. Let’s make sure it lasts.