Business Succession Planning

When you invest -fill-in-the-blank amount of time, energy, and money protecting your business's reputation and manpower, You shouldn't think twice about planning for your business' future existence. Hairston Law's new service focuses on the what "IF".  What if You can't manage or oversee your business?


Business Succession planning is one of the most important tasks a business owner should actively engage in; however, it's highly overlooked by most. You work so hard to establish and grow your business, why not prepare its future with or without you.

Business Succession Planning

Eligibility: This service is only available to our Fractional Legal Counsel Strategic Counsel subscription members.


When you've invested significant time, energy, and money protecting your healthcare business reputation and manpower, you shouldn't think twice about planning for your company's future existence.


Business succession planning ensures continuity of leadership, culture, and value when ownership or key leaders transition - with notice or unexpectedly. Hairston Law's approach focuses on the "what if" questions leaders often postpone: 


  • What if you can't manage or oversee the business? 
  • What if you want to step back from day-to-day operations? 
  • What if death, disability, or other life emergencies interrupt management?


We help you build a principled, practical plan so your organization remains steady and faithful to its mission.

Succession planning involves a strategic set of processes in which your business identifies to develop talented employees or third-parties to take on future leadership roles within the business.


Who is going to manage the day-to-day business activities, when you no longer want to? Who is going to take over the liabilities and profits at your death?


Will your business survive without you?


Don't know? Let Hairston Law help you figure it out. 

 

Schedule Your Consultation

Succession planning is one of the most important tasks for any owner, yet it's often overlooked. You've worked hard to establish and grow your healthcare company - now prepare its future with or without you. A sound plan:


  • Identifies and develops internal talent and/or vetted third-party leadership for future roles.
  • Preserves business culture and stakeholder trust
  • Protects operations, liabilities, and profits under defined scenarios
  • Aligns with governance, compliance, and your anchored values




Questions We Help You Answer


  • Who will manage day-to-day activities when you no longer want to?
  • Who will assume liabilities and profits at your death or departure?
  • Will your business survive without you - and under what conditions?
  • How do we prepare successors to lead with competence and Christ-centered integrity?  

 

Remember the LORD your God. He is the one who gives you power to be successful ("wealthy") in order to fulfill the covenant he confirmed to your ancestors with an oath.

                                                                                                    ~ Deut. 8:18

Frequently Asked Questions




  • Is succession only for CEOs?

    No, we don't just plan for owners; we also plan for executive leads, and other critical roles in your healthcare business. 

  • Can we name external successors?

    Yes - when your current internal options are limited, we help evaluate and negotiate third-party leadership options.  

  • How often should we update our succession plan?

    It is advised that we review and update your healthcare companies' succession plan annually, and upon significant events. Such as leadership changes, M&A, changes in funding, and the successful operation of any new programs.  

  • Does succession planning include emergency scenarios?

    Yes, your carefully crafted healthcare business succession plan does cover both ordinary course of business transitions, and any unforeseen emergency events. 

Next Steps


If you're an FLC Strategic Counsel subscription member, contact your attorney via your client portal to initiate your Succession Readiness Assessment. Not yet a subscription member? See our FLC Subscriptions to learn how Strategic Counsel supports your healthcare organization.

Learn More about Fractional Legal Counsel