Develop a strategy to preserve your business and your net worth
Effective business continuation is both an "art" and a science. First and foremost, it is an art. Because a thorough business strategy always considers your unique financial goals and objectives, creativity and customization is required to select and tailor those strategies best suited to meet your specific business continuation and benefit needs.
However, business continuation and benefit planning is also a science. A thorough business plan should take into account the tax and legal ramifications of the various financial strategies adopted. You should consult a financial advisor and your tax and legal advisors to incorporate both the art and science of a well thought out business strategy.