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APRA releases final prudential standard on recovery and exit planning

APRA releases final prudential standard on recovery and exit planning
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Exit Planning: New Study Shows Most Colorado Business Owners Are Not Ready to Sell Their Businesses

You Will Die: Business Planning for Unexpected Death by Dallas Romanowski

Death is the one experience every business owner has in common. Few business owners like to talk about this fact, and even fewer like to plan for this inevitable outcome, especially if they don’t plan to die anytime soon. Though it may seem morbid, it’s crucial for business owners to plan for their deaths well before they’re ready. Failing to do so could send shockwaves through the lives of the people you care about, your business, and your legacy, like it did for one fictional but representative business owner. Death visits early Darnel Peters had everything he’d ever wanted—a large loving family; a locally renowned logistics company that continued to grow; no obvious health problems, save an occasional twinge in his back, which he chalked up to an active lifestyle and aging body. But after a routine checkup, he learned he had Stage 4 pancreatic cancer. His doctors told him he had maybe 12 months to live, but only if he committed to extremely aggressi

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