Perpetuation Planning

Building a business is a long, difficult process. Many business owners are so focused on the company’s day-to-day operation that they put off planning for what will happen when unplanned events such as disability, divorce, or death occur or for planned events such as a change in leadership or retirement.

What can you do now to protect and improve the value of your business before events create a change in leadership or ownership?  Your answers to this question need to address the primary concerns of you and your family, your partner(s), your clients and your employees.

• The primary concern for you and your family is how to get full value for your business to maintain income levels.
• The primary concern for your partner(s) is the retention of your accounts and staff who are familiar with your clients and their needs.
• The primary concern for your clients is the continuity of service and support to meet their account needs.
• The primary concern for your staff is continuity of business so they will have stable employment.

Pacific Benefit Planners can assist you with the process of creating a business perpetuation plan that will answer the following questions:

1. What is the value of my income stream and business?
2. What plans are in place to increase the value of my business?
3. What plans are in place to protect my income and business in the event of my disability, retirement, or death?
4. What plans are in place to address the concerns of my family, partners, clients and employees?
5. Who will handle the legal, financial, and logistic matters?
6. How will my plans be funded?