Carl lived the dream shared by many people. He had grown his landscaping business to the point that it supported a comfortable lifestyle. Better yet, the business had supported the education and training of his family. One of Carl’s three children was directly involved in the family business, working alongside his Dad.

Like many business owners, Carl planned on retiring and turning over the business reins to his child. He intended to work a handful of hours each week, be a mentor, and sit back and watch how well the business supported the next generation.

Carl received good advice and started the transition early – about five years before his anticipated retirement. He had to have courageous and sometimes difficult conversations with his family members:

  • Did his child that currently worked in the business want to take over?
  • If so, did this child have the skills to make it run?
  • Was he selling the business to his child or would this be a gift? How do his other children feel about this?
  • Was the family clear about Carl’s expectations for working after retirement?
  • Was everyone clear about Carl’s timeline?

These questions and conversations were not easy, but they were essential to achieving the best results. Carl had witnessed families and businesses crumble because of assumptions that were made, and expectations that went unmet. He did not want the same result for his family. He wanted everyone in the family to be a part of the plan.

Carl did not assume the best outcome, he planned for a better one.

Working with a lawyer that practices Preventive Law improves the likelihood of a great outcome. Talk to the team at Brown Lawyers and get ready for Life in Balance.

COVID-19 Update From Brown Lawyers

Brown Lawyers is pleased to offer legal services to our community by telephone, videoconference, and in-office appointments. In-office appointments will be held in our large board room to help maintain physical distance. The room is cleaned throughout the day and before and after each appointment.

Anyone entering our building must wear a face covering which covers the nose, mouth, and chin as required under City of Hamilton By-law 20-155, unless exempt.  Exemptions include children under the age of 2 and those who are unable to wear a face-covering because of a medical condition or a disability.  No proof of any of the exemptions is required.  For more information on the By-Law including the full list of exemptions, visit https://www.hamilton.ca/coronavirus/face-coverings-and-masks-by-law

Non-medical masks will be available at the building entrance for anyone who needs one. Upon entry, simply let us know if you are exempt.  For anyone self-isolating in accordance with public health guidelines, we will implement customized procedures on a case-by-case basis to ensure that all members of our community can access critical legal services.