Strategies for the Owners of Closely-Held Companies
If you are like most of our clients who own a business, your company makes up one of your largest sources of personal wealth. If sold, the value of your company, and the income the business produces during your period of ownership, can be exceptionally valuable. We believe that protecting this value is essential.
One means of protection is through a well-thought-out and documented business continuation plan. Such a plan dictates how you would like the business to be continued in the event of your death or disability. If you have a business partner or partners, the plan would spell out what would occur in the event of the death or disability of any of the owners or key employees of the company.