Why is a Business Succession Plan Important?

Do you know what will happen to your business in the event of a sudden death or extended illness? Succession planning is important to the continuity of your daily operations.

For any business owner, your business is an example of your hard work, determination and a tremendous source of pride.  You work to protect your reputation, purchase insurance to protect yourself and your clients, but sometimes neglect a business succession plan.  In the event of pending retirement, employees suddenly leaving or an unexpected tragedy, is your business able to continue functioning?  Do you have a succession plan to provide for your family or take care of your employees?  What about if a key employee leaves unexpectedly?  You can review the highlights of business succession here, or key person evaluation here, which will demonstrate why it is important to create a plan of action.  When you are ready to create a plan for your company, we will sit down with you and our experts will help make it a simpler process.