A solid business plan can ease the pain if tragedy strikes your partnership

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DEAR AUNT MASie

A solid business plan can ease the pain if tragedy strikes your partnership

Business deal

Dear Aunt MASie

Empty Waiting Room

Your recent article about an unwell partner and practice agreements got us thinking about our situation. We are a very busy and financially successful practice. Although we have a current practice agreement, our four partners are critical to the success, and we wonder how we would cope financially should one of us suffer a serious illness or die.

How would we cope?

Christchurch

The unexpected loss of a partner or key person due to significant illness or premature death, places many risks on your business, the most significant