Business Continuity Issues: Prepare for Unexpected and Planned Transitions

Lawrence, David L.
April 2008
Journal of Financial Planning;Apr2008 Broker/Dealer Report, Vol. 21, p18
Academic Journal
The article focuses on the concept of strategic business planning which is offered to financial planners in the U.S. It states that interruption of normal business operations will occur due to unexpected illness, injury, or even death. Another possible cause of interruption could be a natural or man-made disaster. Furthermore, the issue of business continuity involves the possibility of transitioning ownership and suggests that creating a comprehensive succession plan is important. A succession plan could include plans for selling the business or transitioning to other partners in the firm.


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