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Business Planning You're in business today. One day, you will be out of business, one of five ways:
Our job is to make sure that no matter how you get out of business, you get out at a profit. Most small businesses fail to survive beyond the first generation. One reason is the failure to plan for the disposition of the business at an owner's death, disability, retirement or withdrawal. As an owner of a closely held business, only three choices exist for the disposition of your business interest:
This decision-making process may be a difficult process. You have great investments in your business: physical, financial and emotional investments. Any success the business has experienced came as a result of hard work, perseverance and an ability to take risks. It is these traits that will enable your business to continue operating successfully until the inconceivable happens. Then, the effort you have put into your business continuation planning will determine its future. Planning for the future of your business requires serious decisions, with significant financial implications for you, your business, and your beneficiaries. That is why it is always a good idea to chose a financial consultant that exhibits commitment to their profession. The best choice is an advisor that has earned the professional designations Chartered Financial Consultant & Chartered Life Underwriter. |
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For a FREE initial consultation, call today: (800) 680-5596 |
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Copyright © 2009 Life Solutions, Inc. All rights reserved. Products not available in all states. Product provisions and features may vary from state to state. The agents of Life Solutions, Inc. are not licensed to sell insurance in all 50 states. To find out if an agent is licensed in your state, please call or e-mail. Agents and advisors should click here. We are proud supporters of the National Association of Conservative Life Underwriters.
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