Terry Bork CLU ChFC, President   |   Aurum Insurance Services   |   D: 440-605-7230   |   C: 440-666-6032   |   tbork@auruminsurance.com   |   www.auruminsurance.com

Start Taking Bold Action On Business Succession

As a business owner, one way or another – at death or during life – you will leave your business.

54% of business owners surveyed intend to exit their business in the next 10 years, but 72 percent have not developed a strategy.

Business Succession is a Series of Strategies that:

  • Transitions ownership to someone else
  • Help strengthen and grow your business over time
  • Help you realize value in all your hard work and goodwill when it comes time to exit

There are two different business succession paths: a Planful Approach to leave the business during your lifetime, and a Contingency Approach to prepare for life events that dictate departure, such as death, disability and divorce.

Key Questions to Consider

  • Will you step back or retire completely from your business?
  • Who will take over the business?
  • When will you transition?
  • How will you transition?
  • Do you know what your business is worth?
  • Do you have a buy sell agreement?

Interested In Having A Conversation?

Contact Me ➤