Making it easier for your business to continue

If you are a business owner, would the business survive without you? The answer is obviously important to family members and employees, but the interest of suppliers, clients and lenders should also not be underestimated. Would your survivors be able to get the value out of the company that you created? The following simple analysis touches on key planning aspects of your business. Appropriate consideration and actions will make your business stronger while you own it and facilitate continuation when it is transferred to others.

	For some help determining the value of your business, try the Fair Market Valuation of a Business calculator in the Financial & Insurance Calculators section.

	Is the value of your business covered by a buy-sell agreement? Is the agreement adequately funded by life insurance in case it is triggered by death? Determine the cost to your business of any unfunded portion with the Cost of an Unfunded Buy-Sell Agreement calculator.

	Many small companies have at least one person upon whom the business depends for its success. Life insurance on the key person can serve as a form of commercial loan protection and provide cash for retirement or for unforeseen business expenses and opportunities. Determine the value of a key person with the Key Person Valuation calculator.

Find out more about your business needs and other financial planning opportunities with a comprehensive analysis of your financial situation.