Shubert & Associates Insurance Blog

Business Continuation

Sunday, June 13th, 2010 | Your Money | 1 Comment

Eventually every business owner will leave the business that he or she created…either by selling the business or as a result of death, disability or retirement.  As a result, business continuation planning is about taking control of something that is inevitable.

The first step in business continuation planning is to clearly define your goals.  For example:  

• What do I want for my future?  Do I want to work indefinitely, or do I want a clearly defined exit strategy?  

• What do I want for my family?  Do I want my business to remain in the family?  What steps have I taken to secure my family’s financial well-being in the event something happens to me?  

• What do I want for my business?  What would happen to my business if I died or became disabled?  Do I want my business to survive my death, disability or retirement?  In answering these questions, you have three options to evaluate:  retain the business in your family, sell the business to co-owners, employees or to outsiders or, as a last alternative, liquidate the business. 

Without advance planning, others may control the process.  With advance planning, a business owner has the opportunity to realize the maximum value of the business, develop an appropriate tax strategy, leave the business in the hands of chosen successors and avoid the family and business turmoil that can result from a lack of planning.  

Our free Business Continuation Life Guide is designed to provide a framework through which you work to arrive at the answers that are best for you, your family and your business.

Bonus Missed Fortune E-Book: Baby Boomer Blunders

Sunday, March 7th, 2010 | Your Money | No Comments

The average Baby Boomer has less than $50,000 accumulated for retirement (which means many have less than that), primarily due to bad habits and having money invested in the wrong places where economic downturns can diminish their nest egg. Let me know if you have any questions. Call Shon Messer 205 640 5892
Download this e-book now at www.babyboomerblunders.com