As a business owner, ask yourself:
- Will there be a market for your business after your death?
- Will there be adequate cash in the business to purchase your share of ownership?
- Will partners be able to pay your family for your interest, or will years of hard work and sacrifice end with little security for those you love the most?
Whether you’re a sole proprietor, partnership, S-Corp, C-Corp or LLC, the assumed value of your business interest can be uncertain without specific plans to guarantee the outcome.