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Family Business Resources - Contingency / Continuity Plans
Dealing with the loss of an owner If you die or become permanently disabled, what will happen to your business? Protect from the loss of a key person There are a number of things that must be considered to ensure your business does not suffer from the loss of a key person. Split dollar life insurance Life insurance on key persons without the expense of paying for a cash value life insurance policy. Buy/Sell Agreements It is important to have an agreement to deal with a tranfer of ownership resulting from death, disability, retirement or disagreement. Creating Change To create change, LISTEN and TALK. Protecting Your Business's Survival Life-changing events can occur suddenly and usually when least expected. Preparation is the key to protecting the survival of your business.
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