Domains of Expertise
Business Continuity
Business continuity planning prepares a company to keep operating when an owner, partner, or other essential person can no longer contribute. It connects the business’s financial resources with a practical plan for unexpected change.
Common planning tools
Key person coverage can provide funds to help a business manage the financial disruption caused by the death of a person whose knowledge, relationships, or leadership are especially important. A buy-sell agreement can set out how an owner’s interest may be transferred, while insurance may be one way to fund that agreement.
How it fits financial planning
A continuity plan can help protect business value, support employees and customers, and give owners’ families more clarity about what happens next. Coverage amounts, agreement terms, ownership, and tax treatment should be coordinated with legal, tax, and financial professionals and reviewed when the business changes.
This information is for general educational purposes and is not individualized financial, tax, or legal advice. Strategies and products may not be suitable for everyone.