Your business partner
What’s going to happen when you or your business partner becomes incapacitated or dies?
It might not be as simple as buying out your former business partner’s widow. What if she doesn’t want to sell? What if you don’t have the money to buy her out even if she wants to?
Do you know who you are going to end up in business with and what position you and your business will be left in?
Do you know just how much your business is worth, and how much it will be worth without you? How are you going to value your business?
Maybe you already have some arrangements in place to deal with this situation. If you do, are you sure they still do the job you want them to? Will they cover all the bases and come into play when you need them? And will you have the funds available to carry out these agreements?
There are answers to these difficult questions, but they require planning and action now rather than later.
This could turn into the kind of headache nobody wants – a virtual minefield of bad possibilities (a lot of them designed to destroy your business!). But this can be avoided. Some careful planning today can turn this rather undesirable scenario into a smooth and hassle-free situation where everyone comes out on top.
These are some of the issues we address in our report. You'll also find out -
How you can solve these problems before they arise
How you can ensure you’ll be in business with the right person at the right time.
As a bonus, for the next 30 days
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