Most businesses have one or two key individuals who create the environment for success.
In a smaller business, the loss of the owner can be a fatal blow. Wind Down . The wind down and closing of a business can be a very difficult and costly process. There are often commitments with significant liability, including leases of office space and equipment as well as long term supply contracts. Provisions can be drawn into these agreements protecting the business from a key person's death or supplemental life insurance may be required to protect the business.