You've worked hard to build your business, but without a plan, it may not long outlive you. Developing a business continuation plan will help to ensure that business can continue to serve the community and prosper. The worst time to do this type of planning is after a life event has occurred and each party is forced to look out for their own interest, regardless of the conflicts they may have with the desires of the original owners.
A business continuation plan is unique to each business, and an owner should not expect generic advice and products to meet the very specific needs of that business. The most important part of a business continuation plan is that it is consistent with what the owners would like to see happen in the event of a death or disability (life event). The key to developing a comprehensive plan that meets the needs of all the owners is to have an open dialog that communicates each individual's desires, and works towards a consensus. We are very conscious that your business is subject to the pressures of a dynamic and sometimes challenging business environment, and that any plan implemented must help the business to survive and thrive in such an environment.
We offer a comprehensive planning process that enables the owners to speak openly about their goals and desires for the business, and of their share of the business should they die prematurely. We work with the client's advisors to assure that proper documentation is drafted and implemented, and then work with the client to choose the right funding vehicle.