Taming the ‘Seven Dogs’ of business succession planning

Taming the ‘Seven Dogs’ of business succession planning

No matter what type of business you’re in, it’s important to protect yourself against the unexpected – what we refer to as the “Seven Dogs”: Death, Disability, Divorce, Default, Departure, Disagreement and Deadlock.

When one of these events occurs, often one business owner will want to take ownership and control of the business, and the other owner (or their family) will want funds to maintain their lifestyle.

A lot of questions then arise…