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Mastering business succession risk.
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- Author(s): Scott, Jeffrey
- Source:
Money Management. 11/29/2007, Vol. 21 Issue 45, p40-43. 4p.
- Subject Terms:
- Additional Information
- Subject Terms:
- Abstract:
The article discusses the benefits of business succession insurance in Australia. Accordingly, many business owners believe they will take over the business if their partners or co-directors leave the company. Moreover, it is essential to consider life insurance in order to fund an easy transition for an owner to leave the business due to illness. Life insurance is vital for the owners to enter into a written buy-sell agreement, setting out their respective interests.
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