Happy small business month! We are continuing our two-part business owner blog series to inform spouses what they should know if they are married to a business owner.
If your spouse is a business owner, do you know what you need to know to be able to run the business in the event of an emergency? Do you have the authority to write checks to keep the business going? Do you know who the key people are in the business that you can trust to keep the business operating? Do you know if you are going to sell the business or keep it going or do you want to keep it going? Do you know the passwords needed to access vital information? Do you have any inclination to run the business after your spouse has passed away or is incapacitated, or do you just want to figure out the best way to sell it so your family is cared for through the financial gain you receive through the sale? [Read more…]