Hello! My name is Kimberly Peterson. I am an experienced financial advisor with a diploma from University of Chicago and almost 12 years of work in the field. In my line of work I learned a lot of useful hints and loopholes as well as a gret deal of pitfalls associated with loans and credits. I prepared this website to offer you my expertise and asnwer the most common problems, so that you can ejnoy your loans safely.Credit decissions of shareholders
We need to distinguish between those businesses in which family members are shareholders and/or employees and those in which they are not directly involved. Taking the latter first, how much and when you tell non-involved family members about your exit plans will always be a matter of personal choice. From an exit planning point of view, it probably has no direct relevance.
Where you have family shareholders and employees in your business, how much and when you involve them in your exit plans could be vital. Broadly speaking, there will be two different exit scenarios here, firstly where the exit is through a family succession and, secondly, where the exit is through some other method.