In every organization there are extraordinary people whose contribution significantly makes a difference between success and failure. In a small business that key person may just be the owner of the business. In other larger firms, the second in command or general manager may be identifiable as the key person. What happens if that key person suddenly leaves? What will the operational and financial implications be? How will your bank view that development and what implications could there be for your financing? Key employees may leave because of a better opportunity, retirement, death, or disability. If you own a small business those events can be extremely disruptive and sometimes fatal in the survival of your business. We work with our clients and their legal and accounting advisors to identify key person issues, and develop and implement strategies that will mitigate the loss of a key person.