Succession Planning for Licensed Entities
- Experienced guidance on considering licensing qualifications when creating a succession plan for holders of licensed entity interests.
- Recognition of state-imposed limitations on the number and types of licenses an individual can hold.
Spousal and Family Plans
- Insight into state-specific regulations, such as restrictions on multiple off-premise licenses.
- Strategies for addressing limitations when spouses each have an interest in a licensed entity, ensuring effective transfer plans.
- Advice on how trusts can be employed to navigate licensing-related challenges in estate planning.
Regulatory Considerations
- Awareness of the disqualification of individuals with felony records from holding interests in licensed entities.
- Understanding restrictions on individuals holding interests in different tiers (e.g., supplier/wholesale vs. retail) within the beverage-alcohol and cannabis industries.
- Strategies for using trusts to address tied-house issues and achieve estate planning goals that might be otherwise restricted.
The Danow Group is ready to assist you and your advisors in navigating the complexities of transferring assets subject to regulatory and licensing requirements. We help ensure that your estate plan aligns with regulatory considerations, providing a seamless transition for licensed business interests.
