Business owners should be assessing the risks that face their business not just from external sources such as competition, but also internal risks which includes the disruption that could be caused if a key person is sick or injured and unable to complete their duties.
Another key risk is to do with the transfer of a business interest if an owner suffers a critical event or worse. The last thing the other owners want is for a surviving spouse to have decision making control in a business they may know nothing about.
Talk to us today about the following:
- 1) Asset (debt) protection
- 2) Revenue protection
- 3) Ownership protection
- 4) Key man insurance
- 5) Buy/sell agreements