Preparing your business for the future

tangirl · 10-16-2001, 11:32 PM

Have you prepared your business for the future? Have you considered what would happen to your salon if something happened to you? Are you giving your salon to someone in your will? Do you have a provision selling it to someone and giving the profits your beneficiaries? I don't want to morbid, but at some point all of must consider these things.

I've seen people have to sort through a loved one's estate after their death. This time is hard enough as it is. Going through this process when the loved one does not have a will makes everything more difficult. Sorting out these details ahead of time is well worth it, for you and your loved ones.

Forever Tan · 10-17-2001, 10:31 AM

I'm 24 and have had a will since I was 22 when I bought my salon, it was morbid doing it, but right now because I haven't changed it since I got married if something should happen to me my parents get my salon. and also my condo, and any vehicles I posses at that time.

(my dad made me get the will but I feel better having it)

Chippp · 10-17-2001, 01:11 PM

I am never going to die.

Forever Tan · 10-17-2001, 01:33 PM

Chippp come on now... be serious

BooBop · 10-17-2001, 10:49 PM

chippp will be pickled and stood up in one of his booths so he can still be around.

TANtalize · 10-18-2001, 11:48 AM

I never had a will until I purchased my salon. I am single, but my soul mate helps me with anything I need in relation to my business.

I now have a will specifying my wishes in regard to the business and personal issues too.

Better to make these decisions yourself. Your wishes will be known and your family/loved ones won't have to struggle with red tape when you are gone.

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10-16-2001, 11:32 PM	#1 (permalink)
tangirl Join Date: Jul 6 2001 Posts: 2,184 Rep Power: 8	Have you prepared your business for the future? Have you considered what would happen to your salon if something happened to you? Are you giving your salon to someone in your will? Do you have a provision selling it to someone and giving the profits your beneficiaries? I don't want to morbid, but at some point all of must consider these things. I've seen people have to sort through a loved one's estate after their death. This time is hard enough as it is. Going through this process when the loved one does not have a will makes everything more difficult. Sorting out these details ahead of time is well worth it, for you and your loved ones.

10-17-2001, 10:31 AM	#2 (permalink)
Forever Tan Join Date: Mar 6 2001 Posts: 981 Rep Power: 8	I'm 24 and have had a will since I was 22 when I bought my salon, it was morbid doing it, but right now because I haven't changed it since I got married if something should happen to me my parents get my salon. and also my condo, and any vehicles I posses at that time. (my dad made me get the will but I feel better having it)

10-17-2001, 01:11 PM	#3 (permalink)
Chippp Join Date: Apr 19 2001 Posts: 2,556 Rep Power: 8	I am never going to die.

10-17-2001, 01:33 PM	#4 (permalink)
Forever Tan Join Date: Mar 6 2001 Posts: 981 Rep Power: 8	Chippp come on now... be serious

10-17-2001, 10:49 PM	#5 (permalink)
BooBop I love Derf!! Join Date: Apr 5 2001 Posts: 9,497 Rep Power: 13	chippp will be pickled and stood up in one of his booths so he can still be around.

10-18-2001, 11:48 AM	#6 (permalink)
TANtalize Join Date: Jul 4 2001 Location: San Antonio Posts: 252 Rep Power: 8	I never had a will until I purchased my salon. I am single, but my soul mate helps me with anything I need in relation to my business. I now have a will specifying my wishes in regard to the business and personal issues too. Better to make these decisions yourself. Your wishes will be known and your family/loved ones won't have to struggle with red tape when you are gone.

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