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Ownership

Expanding succession planning beyond ownership

Employees, Small Business, Strategic Business Planning, Succession Plans /

Business owners are regularly urged to create and update their succession plans. And rightfully so — in the event of an ownership change, a solid succession plan can help prevent conflicts and preserve the legacy you’ve spent years or decades building. But if you want to take your succession plan to the next level, consider […]

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How’s your buy-sell agreement doing these days?

Insurance, Partnerships, Small Business, Strategic Business Planning, Succession Plans /

Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and liability policy. For a company with more than one owner, there’s an additional type of risk-management arrangement that needs to be established: a buy-sell agreement. If your business has yet to create one, you should start

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