Don’t Allow Your Business to Become a Victim of the Dreaded Ds
Posted on Feb 11, 2015 by TURNER PADGET LITIGATION TEAM
Is your closely-held business protected from the five dreaded Ds – death, disability, divorce, disaster and disagreement?
Turmoil, and even business failure, can follow if you don’t have a legal succession plan in place when any of these events occur. While this may not offer you any comfort, you are certainly not alone if you haven’t yet set up a succession plan: fewer than half of closely-held and family-owned businesses have a plan in place that covers these contingencies.