As a solo practitioner, you know if you do not show up for work, the work is not done. The responsibility of your business is entirely yours. If for some reason – disability, incompetency, death, etc. – you cannot perform your responsibilities or duties as a business owner, your clients and customers suffer, and so does your business and reputation. If client matters are left unresolved, the client is going to find another business to fulfill their needs. Loss of clients and customers means loss of revenue and profit, not only does your business suffer, but also so do you and your family.
Such unfortunate consequences can be avoided simply by planning ahead. Such comprehensive plans need to include powers of attorney (during life) and authorizations (for after death), confidentiality and non-disclosure provisions, temporary employment contracts (we call “Assisting” Agreements), a pro forma Asset Purchase Agreement (or Bill of Sale), as well as a business information handbook, which contains all the important information regarding running your business. Sound like a lot of work? Sound daunting?
Not really. The Bruechert Law Firm was established to help solo practitioners protect their business, and access the asset value of their business when they are not able to work because of some unforeseen event. We developed My Solo Plan for solo practitioners. We know the pressures of being a solo, and want to help.
Please take a moment to view our newly redesigned website. Here, you will find more important information on solo business contingency, continuity, and succession planning. Then please give us a call to find out how we can help you protect your business.
“You spent a lifetime building your business, now take steps to protect it.”