Do You Own a Business?

What Can Happen to Your Business When You Die or Become Incapacitated Preparing your company for your incapacity or death is vital to its survival. If you haven’t planned appropriately, your business can be disrupted, harming your customers, employees, vendors, and ultimately, your family. For this reason, proactive planning – including coordinating your business with your estate plan – is key. Below are some negative consequences you may encounter if you haven’t planned and tips on how to protect your company and keep the business on track and operating day-to-day in your absence. 1. Your Business May Shut Down So, what happens if a business owner dies without a plan in place? Or, the own

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