Business continuity is a tool for handling the transfer of a business to a different owner when the original owner leaves, dies or becomes incapacitated. A continuity plan protects short-term and long-term business interests and is one of the most important components to business exit planning.

In this post from Nasdaq contributor Kris Maksimovich, AIF®, CRPC®, CRC® of Kiplinger takes a look at the ripple effects events can have on a business, including loss of financial resources, loss of key talent, and loss of employees and customers.

Read the full article via Nasdaq.