SUCCESSION PLANNING
IN ARIZONA

Every business, whether a budding startup or a family legacy, deserves a future. Business succession planning ensures that your hard work and dedication continue to thrive, even when you step away. At Obsidian Ridge Law, we create clear, practical succession strategies that protect your company’s value, preserve its legacy, and give you peace of mind.

WHAT IS SUCCESSION PLANNING?

Succession planning is the process of preparing for the seamless transition of leadership within a business. It involves identifying potential successors, developing their skills, and putting legal structures in place to protect both the business and its stakeholders. For family-owned businesses in particular, succession planning safeguards not only operations and revenue but also the legacy and values that have been carefully built over time.

woman walking down a hall talking on a cell phone

HOW WE SAFEGUARD YOUR BUSINESS LEGACY

  • Clarity for the Future: You will have a clear roadmap for how leadership and ownership will transition, reducing uncertainty and potential conflict.

  • Continuity of Business Operations: We help ensure your company remains stable and successful during periods of change.

  • Protection of Business Value: Your business’s reputation, goodwill, and financial worth are safeguarded throughout the transition process.

  • Alignment With Estate Planning: We integrate succession planning with your personal estate plan so both your family and your business are protected.

  • Tailored Guidance for Arizona Businesses: You benefit from our knowledge of Arizona business law and a boutique, personalized approach.

green binder and papers on a table

OUR PROCESS

DISCOVERY
SESSION

We begin with a conversation about your business structure, leadership roles, and long-term goals for continuity.

STRATEGY
& DESIGN

We design a tailored succession plan, identifying successors, drafting documents, and integrating your vision for the company’s future.

REVIEW
& SIGNING

Once your plan is drafted, we review it for clarity and compliance with Arizona law. Documents are finalized, signed, and legally enforceable.

DELIVERY & IMPLEMENTATION

You’ll receive a portfolio with all succession-related documents, and we help implement filings, agreements, or ownership transfers as needed.

ALIGNMENT & UPDATES

We ensure your succession plan is aligned with estate planning, tax strategies, and your broader business structure.

CONTINUED GUIDANCE

As your business evolves, we’re here for periodic reviews and updates, ensuring your succession plan grows with your company.

PRICING

Succession planning costs depend on the size and complexity of your business and the level of planning required. Costs depend on the size and complexity of your business and the level of planning required. Before we begin, we’ll provide a clear estimate so you know exactly what to expect.

FREQUENTLY ASKED QUESTIONS

  • Succession planning focuses on the continuity of business leadership, while estate planning addresses the distribution of personal assets, including business interests.

  • It is never too early. Ideally, a plan should be started as soon as roles are defined, then reviewed regularly as the business grows.

  • Replacement planning identifies immediate backups for key roles, while succession planning is a long-term strategy that develops leadership talent and ensures smooth transitions.

  • An effective plan identifies key roles, sets criteria for successors, includes a process for assessing candidates, provides development strategies, and is reviewed regularly.

  • Absolutely. Even small businesses face major risks if a leader departs suddenly. A succession plan ensures continuity and stability in these scenarios.

SCHEDULE A CONSULTATION

Your business is more than just transactions. It is your legacy. Book a consultation with Obsidian Ridge Law today to begin crafting a succession plan that ensures your business continues to thrive.

BOOK NOW