Do You Need Help With Business Transition In Oregon?
Transition planning has always been important, but in today's environment it is particularly critical. At one time, retirement was a relatively brief phase of life, but today people are living longer than ever before. Maintaining your lifestyle in retirement while providing for your family demands a structured, formalized approach.

No matter what your plans are for the future of the business, eventually, you will transition it to someone. Perhaps that someone is a purchaser, or perhaps you will transition to your family, key employees, or some combination of the two groups. The point is, that transition will eventually be unavoidable. Ideally, you get to control and be part of the process. That, however, is not always the case. Unexpected death of an owner, key executive, or employee can cripple a business if no successor has been identified and there is no plan for transitioning management.
Every business succession plan looks different. Not every business owner wants to transition their business in the same way or at the same time. Some owners want to exit completely at a certain date. Others want to stay involved to a lesser degree over time, but never exit entirely.

As the number of baby boomers looking to transition their businesses continues to grow, selling a business to a third party is becoming more competitive, while working through ownership changes with family members, management, or employees is increasingly complex. To improve your chances of a successful outcome, you need to start planning now. Recent studies indicate that failure to conduct pre-sale planning is the number one reason deals fail. In fact, only one in five businesses are successfully sold. However, the number improves to nearly 80 percent for organizations that plan for their transition.

​A formal plan helps take inventory of your current business and personal financial situation, determines where you need to be when you reach retirement age, and implements strategies needed to get there.

How Our Business Attorneys Help Companies

Business Structure - Choosing the right business entity is an important decision. There are a variety of options, including LLCs, partnerships, joint ventures, and C corporations. Before choosing the right type of business entity for your business, consult with a local small business attorney. As a top rated lawyer in Portland, Jeffrey Long can advise you which is best for your needs.

Review and Drafting Business Contracts

Businesses need to set up agreements with their vendors and employees. Jeffrey Long Business Attorney will ensure your contracts are legally sound. Protect yourself when issues arise by having a business lawyer draft and review contracts.

​Working with other parties to put your plan into action requires sharing information and executing contracts that clearly state what each party expects from the others. Jeffrey Long Business Attorney can help you draft and review contracts like freelancer agreements, intellectual property agreements, and employment contracts.

Business Litigation

Every business problem needs an attorney. Jeffrey Long Business Attorney we will lay out all options for you so that you can make the best decisions regarding your business disputes. We will provide assistance in any business litigation matter, civil litigation matter, or business dispute you may have. Whether you have tried to negotiate with another party or arbitrate without success, hire a business litigation attorney at Jeffrey Long today for legal assistance on any matter that requires defense, mediation, arbitration or other legal action.

Business Debt Collection

A business needs to have a realistic plan to collect money owed. If the customer repeatedly fails to pay the bills, the business owner needs to bring in a specialist attorney for further action. We helped countless businesses with their issues, and will ensure your collection process is legally sound and there are no problems heard in court. We follow through with many difficult cases, and understand how frustrating it can be when customers just will not pay their bill.