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This summer we got a phone call from an entrepreneur:

“We have a client who is unable to pay; we already wrote the company a warning. So the secretary has called us that their boss had an accident and no more payments can be made because no arrangements have been made for such a situation.”

Do you have any arrangements in this case?

Do you have a deputy arrangement in your company?

Is there an emergency portfolio, that allows family members and other trustable people to act upon this portfolio to determine the steps that have to be taken in a fast way?

Is there a testamentary guideline for the worst case that makes sure that only the right people can become executive staff?

Are the company agreements and the law of succession co-ordinated?

Are they maintained on a regular base? Is a testament findable if really needed?

Questions all over

The organisational clarification of these points can enable the economic survival of the company and furthermore reduce avoidable problems for family members in difficult times.

An emergency portfolio should be readily available in every company.

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