Business Continuity Planning Concerns of the Closely-Held Business Owner    (View PDF)

Gary A. Olinger

Abstract: If you are the owner of a small, closely-held business, it is likely that your business comprises a most significant portion of your net worth and/or your income-producing capability. In that context, it is important to evaluate options available to you relative to this business enterprise in the event that you do not want or cannot physically maintain operational control over the business. Retirement, death, or prolonged disability of the major owner can dramatically impact a closely-held business. Planning for these eventualities in advance of their occurrence, therefore, is something no business owner can afford to ignore.

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https://doi.org/10.48044/jauf.1984.016