top of page

What if I own a small business?

Critical to have a plan for the company

What if I own a small business?

You've built a company and poured your time, effort, and money into it. Some simple things can ensure it carries on or dissolves in the manner you wish. Are you a sole owner? We may be fine just assigning your interest and managerial rights into your trust. Are there multiple partners? Do you have a buy/sell agreement or an operating agreement with dissolution provisions? Have you discussed using key man or other forms of life insurance to fund the dissolution.

Most people do not want to be stuck with their business partner's kids making decisions, but most people also want their own kids and spouses to receive compensation for the company that has been built. Every business is different, but getting a plan in place early on will prevent major problems and disagreements down the road.

bottom of page