The Business Continuity Checklist

People

1. Who makes the decisions I make if I’m unavailable tomorrow, and do they know it?
2. Who manages my most important customer and vendor relationships if I can’t?
3. Has a long-term successor been chosen, and are they being prepared?
4. Which key employees would we lose if ownership changed, and what keeps them here?

Money

5. Could the business cover payroll, debt and overhead for six months if revenue dropped while I was out?
6. What is the business worth today, and when was that last estimated?
7. If an owner dies or becomes disabled, where does the money come from to pay for their share?
8. Is that money in place now, or only promised in a document?

Ownership & Family

9. Does a written agreement say what happens to an owner’s share at death, disability, retirement or departure?
10. Has it been reviewed since the business value or ownership last changed, and since the 2024 Connelly decision?
11. Would my family receive fair value in cash, or a share of a business they don’t run?
12. Have my CPA and attorney reviewed the plan together?