If the death, disability, or major health trauma of a key person results in a reduction of business revenue, profit or value, the business owners may be faced with one or more of these alternatives. OPTION 4 - BORROW TO FUND A REDUCTION IN CASH-FLOW - QUICKLY 🛑 The problems here are: ❓ Will the [...]
If the death, disability, or major health trauma of a key person results in a reduction of business revenue, profit or value, the business owners may be faced with one or more of these alternatives. Option 3 CONTRACT WORK OUT TO A QUALIFIED COMPETITOR 🛑 This will not be a practical option unless: 📌 There [...]
What happens when a business owner dies? What happens when a Business Owner dies, becomes disabled, or suffers a major health trauma? #1 OPTION 1 Remaining shareholders buy out the affected owner's interests. The problems here are: Determining the price. What is a fair price? When do you set the price? How often should it [...]
