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Do you have a plan in place in case something happens to you or other leadership in your construction company? If so, when was the last time you updated that plan? This week, we discuss the importance of continuity planning and some key considerations to keep in mind as you plan for the unexpected.

 Topics we cover in this episode include:

• Practice continuation agreements
• Planning for key employees 
• The importance of clearly stating in writing what should happen to your business 
• Continuity plans need to be looked at regularly
• How to assess the risks a contractor might have
• Continuity and the value of the company

LINKS

Visit the episode page at https://CarpenterCPAs.com/continuity for more details and a transcript of the show.

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com