Questions for the Business Owners
If You Had Died Last Night - Your Widow Would Want to Know….
- Who is running your business today?
- Who do they report to?
- How does your Widow get Income? From whom?
- Who is going to pay your creditors?
- What personal guarantees did you give the bank?
- Are there partners? What will the partners want?
- Should your shares be sold? Who will buy them?
- Do your partner(s) have to buy from her? At what price?
- Where will they get the cash? Are they solvent enough?
- How will the company function with this extra debt load?
- How long will your widow's income last? Is it guaranteed?
- Is This What You Want?
- Would You Prefer Some Guarantees?