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- Management succession plan.

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Another thing to keep in mind for any investor

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is how to address the events of key position changes

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within the management team.

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What happens if a key manager leaves the business

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or is unable to perform the duties

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to safely operate the business?

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You'll want to write a brief summary of how to handle this

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and what safety nets will be in place.

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For example, ABC LLC will ensure a trained

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and skilled replacement is in place

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should the owner or key personnel

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be rendered unable to perform their duties.

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ABC LLC has also taken out life insurance policies

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on critical personnel to offset any risk

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in the event that such a transition should occur.