Business Succession & Exit Planning in Northern Kentucky

PROTECTING WHAT YOU’VE BUILT WHILE PLANNING FOR A SMOOTH AND SUCCESSFUL TRANSITION.


Planning for your business’s future is essential—whether you’re thinking about retirement, a sale, or transitioning to the next generation. The Law Office of Doug Peterson provides step-by-step guidance for Northern Kentucky business owners, helping you protect your legacy and achieve a smooth transition.

Why Succession & Exit Planning Matters

Without a clear succession or exit plan, business transitions can be stressful, costly, and disruptive—often leading to rushed decisions, disputes, or loss of value. Proactive planning allows you to define how and when ownership or leadership will transfer, address tax and liability concerns in advance, and protect the continuity of operations. With a thoughtful strategy in place, you can maximize the value of what you’ve built, reduce risk during the transition, and ensure your business, employees, and family are supported when the time comes.

Succession and Exit Planning Options for Business Owners

Selling Your Business
Get guidance on preparing your business for sale, negotiating terms, and protecting your interests throughout the process.


Family Succession
Plan for a seamless transition to children, relatives, or key employees. We help you address family dynamics, legal requirements, and tax implications.


Exit Strategies
From buy-sell agreements to phased exits, The Law Office of Doug Peterson helps you explore options that fit your personal and business goals.


Integration With Estate Planning
Ensure your succession plan aligns with your broader estate plan for tax efficiency and peace of mind.

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The Succession Planning Process

The Law Office of Doug Peterson makes succession planning clear and actionable:


  • Initial Assessment: We discuss your vision, timeline, and unique circumstances.
  • Valuation & Structuring: Advice on valuing your business and structuring the transition for optimal tax and legal outcomes.
  • Drafting Agreements: Prepare buy-sell agreements, succession documents, and transition plans.
  • Family, Tax, & Employment Considerations: Address legal and emotional issues to keep the process smooth.
  • Ongoing Counsel: Support through every stage—including after the transfer or sale.

Serving Northern Kentucky Business Owners

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Doug proudly serves business owners throughout Boone, Bracken, Campbell, Fleming, Kenton, and Mason counties, providing practical legal guidance rooted in an understanding of the local business landscape. With the flexibility of in-person and virtual meetings, Doug makes it easy to get support that fits your schedule. As a local attorney with a background in business and finance, he understands what’s at stake when planning for the future of your company and works with you to develop clear, confident strategies that protect your interests and your legacy.

Frequently Asked Questions About Succession Planning

  • When should I start business succession planning?

    It’s never too early—starting years in advance gives you the most options and value. The Law Office of Doug Peterson helps you map out your timeline and next steps.

  • What legal documents do I need?

    Key documents include buy-sell agreements, transition plans, and possibly changes to your business structure. We ensure everything is properly drafted and executed.

  • Can I transfer my business to family members?

    Yes, family succession is common. Doug will guide you through the legal, tax, and emotional considerations for a smooth handoff.

  • What if I want to sell to an outside party?

    We help prepare your business for sale, negotiate favorable terms, and oversee the transaction to protect your interests.

Ready to Plan Your Exit With Confidence?

The Law Office of Doug Peterson helps you clarify your goals, protect your business’s future, and transition on your terms. Contact us today to start your business succession or exit plan.

Start Succession Planning