For franchisees, the potential for risk goes far beyond market volatility.
During this stage, we evaluate possible sources of risk within your wealth. We work with your accountant to minimize tax liability, and implement protection strategies according to your needs as a business owner.
We work to identify and correct many of these risks throughout the first 3 stages of the process, but during the risk management stage, we take the time to evaluate the remaining areas of potential risk.
These often include:
- Key man and business overhead coverage
- Long-term disability, life and term policies to protect against personal risk