Business Succession Planning in Louisville, KY

Continuity planning for

Main Street to manufacturers

Business succession planning in Louisville, KY helps owners protect employees, customers, and family when life changes-retirement, disability, or the unexpected. From shops along Bardstown Road to professional practices in Hurstbourne and family farms in Oldham County, Cochran Gersh Law Office designs practical transitions.

Why Succession Planning Matters

Keep the business running when you step back

Without a plan, banks, landlords, and key employees face uncertainty. We craft leadership and ownership transitions that work in real life, with training timelines, contingency triggers, and a written roadmap your team can follow.

Buy-Sell Agreements For Co-Owners

A clear path when an owner exits

We draft or update buy-sell agreements with triggers (death, disability, retirement, divorce), valuation methods, and funding-often via insurance-to avoid fire-drill negotiations. The goal: fairness, predictability, and minimal downtime for your Louisville operation.

Family Business And Farm Transitions

Fair doesn't always mean equal

Some children run the company; others don't. We balance control, income, and inheritance with voting/non-voting interests, trusts, and life insurance to equalize. We also address in-law issues, successor training, and realistic timelines so relationships and revenue hold steady.

Taxes, Valuation, And Entity Strategy

Make the numbers work

We coordinate with your CPA on valuations, staged gifting, and entity tweaks (LLCs, FLPs) to reduce transfer friction. For many owners, a revocable living trust in the personal plan plus a funded buy-sell in the company plan creates smooth control shifts.