Till death do us plan?

Wednesday, November 1st, 2006  |  Business Planning

An unplanned exit of a business owner (who is the key person and decision maker of the business) creates problems for the business, which may be serious enough to threaten its survivability. Without proper planning, the business may go into a death spiral, which marks the end of the business. In this article, Chris explains the consequences of a business owner’s exit due to death and disability, and gives his professional advice on how business continuation can be planned. As a result, not only the firm will continue to operate and grow, the business owner will also be able to fund all his/her family’s financial objectives.