Business Succession Planning in Colorado Springs
More Than 100 Years of Combined Experience for Your Business Transition
A business transition involves more than naming the person who takes over. Ownership, management authority, governing documents, family relationships, and the owner’s estate plan may all affect what happens when an owner retires, sells the company, becomes incapacitated, or dies.
We bring business law and estate planning into the same conversation. Our attorneys work with Colorado Springs owners to identify the legal decisions involved in transferring a family or closely held business and determine which existing documents need attention.
Call (719) 259-0050 to schedule a consultation and begin planning your business transition.
Options for Transferring or Selling a Colorado Springs Business
The appropriate legal structure depends on the company, its owners, and the intended destination for the business. We work with closely held companies, family businesses, and growing enterprises on documents governing ownership, succession, and sale.
Common transition paths include:
- Transfer to family members: Ownership and management may pass to one or more relatives, either together or in stages.
- Sale to a third party: A buyer may acquire the ownership interests or selected business assets.
- Transfer to existing owners: A co-owner may purchase the departing owner’s interest under existing or newly negotiated terms.
- Orderly wind-down: The owners may close operations and address remaining contracts, assets, liabilities, and distributions.
Business Documents That Shape the Transition
Existing entity formation documents and governing agreements may limit transfers or define voting and management rights. We review and draft operating agreements, bylaws, shareholder agreements, and buy-sell arrangements between owners. A buy-sell agreement can establish when an interest may or must be purchased, who may buy it, and how the transaction will proceed.
Estate Planning for Incapacity & Ownership Transfers
Business interests often represent a significant part of an owner’s property and legacy. We consider those interests alongside wills, trusts, and asset transfers. Medical directives and financial powers of attorney can address incapacity, including who may handle specified financial matters when the owner can’t act personally.
The documents may need to identify both who receives an ownership interest and who has authority to manage the company. Those roles aren’t necessarily held by the same person. Reviewing the company documents and personal estate plan together can uncover conflicting instructions, missing authority, or unresolved questions involving spouses, children, beneficiaries, and co-owners.
Understand the Decisions Behind Your Ownership Plan
Drexler Law was founded in 2014 and has served Colorado Springs clients for more than a decade. Our attorneys have more than 100 years of combined legal experience in business law, estate planning, and the family considerations that may accompany an ownership change.
We tailor our approach to each owner’s goals. Our attorneys explain what each document controls, identify decisions that remain open, and communicate clearly as the legal plan develops.
During a consultation, we can discuss the intended successor or buyer, existing agreements, estate-planning documents, and concerns involving relatives or co-owners. We can then identify the legal issues that warrant closer review.
What to Bring to a Business Succession Consultation
You don’t need to finalize every decision before speaking with us. Available records can clarify the company’s current structure and reveal provisions that may affect the proposed change.
Useful planning materials may include:
- Formation documents, bylaws, operating agreements, and shareholder agreements.
- Ownership records and any existing buy-sell agreement.
- Contracts, loan documents, and transfer restrictions relevant to the company.
- Available financial records, valuation materials, and insurance information.
- Wills, trusts, powers of attorney, and other estate-planning documents.
- Information about family members, co-owners, proposed successors, and beneficiaries.
The discussion may also cover successor readiness, management authority, valuation procedures, purchase terms, funding, and the owner’s anticipated income needs. Business valuation, tax treatment, retirement income, and insurance decisions depend on factors beyond the legal documents and may require guidance from qualified financial, tax, valuation, or insurance professionals.
Cases We Handle
Hear From Our Clients
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"Outstanding Representation!"
Matthew Drexler represented me during a difficult period of time in my life. He did an outstanding job understanding all of my issues, was very responsive, and gave me the best advice possible. Additionally, his staff was very helpful and the whole team worked together to make this a rather fairly pleasant experience for me. I couldn't have asked for better representation. I am very happy with the end result and I would highly recommend him to anyone who has made the decision to file for a divorce.- Jason R.Colorado Springs, CO -
"They are very thorough, make every effort to be completely prepared, and tell you clearly what to expect."
Great law office! I would recommend anyone in Colorado springs who needs a divorce or family law lawyer to go here. Brian Melton was my attorney but Matt Drexler was involved as well. They are very thorough, make every effort to be completely prepared, and tell you clearly what to expect. Everyone I've worked with has been caring and supportive and it's obvious they understand their clients are going through difficult situations.- Dan L. -
"Everyone on the staff always treated us like family."
Mrs. Drexler was awesome! We had a tuff case, fighting for custody of our grandson after his mother's passing. Mrs. Drexler was very patient and understanding with me, knowing how nervous and confused at times I was. She was quick to respond to emails, no matter the importance! Matt and Caitlin Capo were also great! There was always someone available and willing to help. Everyone on the staff always treated us like family. The cost was definitely worth the knowledgeable and family oriented services we received! We would definitely recommend Drexler Law to anyone in need of a friendly knowledgeable Law firm! Thank you so much to everyone at Drexler Law, for everything you have done for me and my family! A+++++++++- Michael M., CO -
"I made the right decision in choosing Drexler Law Firm."
I had a fantastic experience with Drexler Law firm. A few years ago I had gone through a very rough period in my life, and voluntarily turned over my children to their mother for primary care while I hunted for jobs. However, I did not use an attorney, and wound up giving her complete custody, something I had not expected, and was told I would not get them back. After getting my job back, I researched law firms and saw that Drexler specialized in family law, child support, and custody issues. They were up-front with me on costs and chances of winning my children back. We won. I'm back with my children with fully joint custody, and we even avoided going to court. Having a knowledgeable law firm represent you is the only way to go when everything matters. During the legal back-and-forth process, it was easy to tell that the level of effort, experience, and skill on the part of Drexler was far above the opposing counsel. I made the right decision in choosing Drexler Law Firm.- Mike -
"“If you bungle raising your children, nothing else matters” - Jacqueline Kennedy Onassis"
I am currently going through a lot of tough situations and they are equal parts compassionate, empathetic, honest regarding expectations/expenses, and VERY quick to respond to any questions.- Former ClientColorado Springs, CO -
"Matt and Teresa and their team are outstanding attorneys who went above and beyond to help my family."
Incredible professionalism and outstanding service. Matt and Teresa and their team are outstanding attorneys who went above and beyond to help my family. Thanks to them my family is whole and safe. If you want exceptional representation and attorneys you can count on, Matt and Teresa Drexler are just that.
Thank you again for all you have done for me and my family Matt and Teresa. You and your team are incredible.- Tyler M.
Why Choose Drexler Law?
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Knowledgeable
Our priority is to give our clients the best chance at a fair and favorable outcome.
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Compassionate
We understand that what you are going through is not easy.
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Flexible
We are available and there for you, whenever you need us.
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Experienced
We will vigorously protect your rights as we guide you through the process.
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Comforting
We believe in maintaining a comfortable environment for our clients.
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Family Firm
The benefit of working with a family firm is that we will treat you like family.
