Have you talked to your parents about their plans for the future? Most likely, they have eagerly shared their retirement goals, their vacation agenda and perhaps even their ideas for downsizing. However, do you know if they have made their final arrangements? Do they have a will? Do you know what their wishes are if they should become incapacitated?
Business arrangements can be complicated affairs. As a business owner, you undoubtedly want to minimize the risks in which you put your company when it comes to bringing new workers or partners into the fold. You likely already know that one of the best ways to ensure that certain aspects of your business remain safe begins with creating an appropriate contract.