Attendees had an opportunity to learn about ways they can protect their business from going out of business in the event of an unexpected event that keeps them from running their business on a daily basis at a Learn at Lunch on Feb. 13. The lunch talk was sponsored by PPL Electric Utilities and held at the Hampton Inn Bloomsburg.
Financial advisors Richard Keller and Kerry Maurer from Thrivent Financial in Bloomsburg spoke about steps that business owners can take to ensure their business continues in the event of death, extended sickness or other leave, retirement, or other unexpected event that makes them unable to fulfill their regular day-to-day duties in running the business. Things like buy/sell agreements, special life insurance policies designed for the beneficiary to be able to buy the business, key personnel insurance, and various other subject and concepts related to business succession planning and protection were discussed.
The entire presentation was broadcast on Facebook Live, and all Learn at Lunch events this year are scheduled will be streamed on Facebook Live as well, so that other interested members and others will be able to hear the presentation should they be interested but unable to attend in person. See below for the entire presentation, which lasts just over 50 minutes.