Protect What You've Built: Business Succession Planning 101 Video 2 of 5: Incapacity of the owner.
Автор: Lawvex
Загружено: 2026-02-02
Просмотров: 2
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This is the second video of a 5 part series by Gary Winter, founder and CEO at Lawvex, a California business succession planning law firm. Lawvex does nearly 400 estate plans and updates each year, many of whom are small to mid-sized business owners. Gary has helped family businesses prepare for incapacity, death, transferring the business to other family members and preparing the business for sale on the open market.
Here, Gary talks about how to prepare for the incapacity of an owner/operator of a small to mid-sized business using legal tools like durable powers of attorney and living trusts to hold the shares of a corporation or membership interest of an LLC. Gary also talks about planning for an extended absence of the owner/operator with key internal policies such as the definition of an "emergency" that would justify interrupting a vacation, internal governance documents that nominate a successor, and more. Join Gary as he explains the basics of succession planning and shares some of his own personal journey as a business owner and how he has prepared for the unexpected.
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