Having a business exit strategy means planning for the unexpected – financial hardship, health challenges and even death. It also means having a plan for the transfer of ownership of your business when it comes time for you to retire. Failure to have an action plan for these events can be costly to you, your family and your business.
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Succession Planning for Family Businesses
Topics: Succession Planning Knowledge Centers IREAP
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Executive Compensation: An Overview for Business Owners
In today’s competitive job market, hiring the best employees is only half the battle. Retaining them is just as crucial. The most valuable assets of your business are your top-performing employees and providing them with additional benefits can help secure their loyalty. One approach is to offer supplemental retirement savings plans, tailored to reward and retain key talent.
Topics: Knowledge Centers IREAP executive benefits
3 min read
10 Uses of Life Insurance in Estate Planning
Estate planning is essential for everyone, regardless of the size of the estate. Life insurance plays a crucial role in various aspects of estate planning, helping provide financial security to your loved ones. Here are 10 ways to use life insurance in estate planning for modest estates.
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