As a creditor, missed payments can seriously affect your cash flow and your business. When those whom you have provided a service or a product to have not paid what they owe, you do have several options to get justice.
Passing a business on to your children is not the same as listing out other assets in your will. You need a viable business succession plan. You need to consider the future of the company and the employees, not just your own future or your heirs' futures. It's critical that you do all of this properly if you want to see your children take over the family business.
Today’s business landscape is dynamic and competitive. Innovations are happening in every aspect of business, including in how people protect their innovations.