BUSINESS SUCCESSION ORGANIZING

Business succession organizing may not be
at the top of your priority list – yet it should be.

Our businesses are just as unique as a personal lives. And, in my cases, are more complex than our personal lives.

And unfortunately, having an operating agreement in place isn't enough to ensure your business will continue to operate in the way you want, should something unexpected ever happen to you.

When we look at all the moving pieces and parts that support our businesses, we quickly see that every business — regardless of the industry — has a lot of commonality.

So, what makes up a business today?

A MODERN-DAY BUSINESS HAS

legal + compliance documents

formation documents, operating agreements, periodic filings, licenses + more

financial details

EIN, bank accounts, taxes, insurance, CPA, bookkeeper, accounts receivables + more

property — physical and digital

office space, warehouse, equipment, supplies, patents, trademarks + more

online presence

domain names, websites, social media accounts, Google Business Profiles + more

employees / subcontractors

contact info for the people who support your business, benefits, subcontracts + more

passwords

every online/digital account today has a username and (hopefully) unique password

the items above are simply a sampling of a modern-day business

WHY USE TECH TO ORGANIZE YOUR BUSINESS SUCCESSION DETAILS?

EASIER
no more misplaced paper files, no more needing to be tied to a physical location

MORE SECURE
technology provides secure means to protect and share business information

ACCESSIBLE
Your Successor will be able to access the business information they need — wherever they are

I WANT TO SAVE YOUR SUCCESSOR FROM

stressing out because they don't know the business's EIN, can't access the accounts receivables and payables information, don't know who the CPA or bookkeeper is — and they need to file the business taxes
"flying blind" because they don't know what vendor contracts have been signed, what client work is under obligation to complete, or how to contact valuable team members
trying to figure out how to update the business's website, how to contact vendors and clients and where inventories are kept
needlessly paying interest and late fees because they don't have the authority and/or information needed to pay bills