A continuity plan should make critical decisions easier during a difficult event.
Questions to organize
- Who can operate accounts and make urgent decisions?
- Which employees, vendors and customers are essential?
- How would ownership transfer or be valued?
- Is there liquidity for taxes, debt and transition costs?
- How does the business plan connect to the owner’s personal estate plan?
Use the information carefully
Financial, insurance, tax and estate decisions depend on individual circumstances and current law. Use this article to prepare questions, then seek appropriately licensed and qualified advice.