Business continuation planning, also called business succession planning, is the comprehensive process of identifying all potential threats to the long term viability of an organization
One of the initial requirements of effective business succession planning is to obtain an accurate value for the company. Once a credible business valuation is established,
A wait-and-see buy-sell agreement is a hybrid agreement implemented by the owners of a business to facilitate the orderly transition of a business interest in
Similar to non qualified deferred compensation plans, a salary continuation plan is designed to provide supplemental future benefits to selected key executives. These are often
Within a closely held corporation, shareholders are often concerned about what might occur if one of the owners dies. Will the deceased shareholder’s family
Businesses desiring to minimize risk and prevent the potentially devastating effects of the death or disability of a top employee or executive should own key
Business owners make lots of common mistakes when buying key man insurance, but usually only because they missed a simple little item throughout the extensive
Business owner life insurance policies have long been a valuable tool for which small and large businesses use to reduce risk and to provide the
In addition to life and disability insurance, companies have several options available to cover the costs of replacing a key employee, executive or owner in
Key employee insurance is usually purchased on one or more key people in a business to protect the business from the economic loss associated with
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