Business Continuation – The Urgent Need for a Buy-Sell Agreement
If you’re like most business owners, you focus your attention on building your business and persevering through everyday obstacles and issues that crop up. Your business may have significant value, but what is it worth if you were to borrow money or try to sell it? What would the value be if you were to become disabled or pass away? How would your family derive the economic value that your business should have for them?
70% of small businesses die with the founder, because 80% of them have no business continuation plan other than to keep forging ahead with everyday business activities.
Burt Williamson explains (in plain English) the importance of having a plan in place before a business owner’s possible demise. Watch the video by clicking the title below (run time: 3:11).
The concept is timeless, but the need for this type of planning is urgent. Don’t wait until it’s too late.
Burt Williamson’s California Insurance License #: 0D33315