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Someday, each one of us will pass away. While I hope it is many, many years down the road – people pass away unexpectedly every day. Similarly, you could get into an accident or fall ill without warning and be unable to maintain your business. As a small business owner, you have a responsibility to your customers to leave someone in charge of your business in unforeseen circumstances.
No one likes thinking about or planning for these things, so I’m making it easy for you! I’m giving you a printable outline to download and fill out. Once you have filled it out, put it in an envelope, and place it with your important paperwork. Tell your significant other, a close friend, or family member about the envelope and your plans. Remember to keep the printable up to date.
It’s always wise to double check your business plans with an estate lawyer or your small business legal team if you have one. Additionally, be sure that your business and bank accounts have beneficiaries listed.
Before you go, the Silhouette crafting world lost a crafter this week in an ATV accident in Florida. Feel free to read more here.
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Since 2015, Christine Schinagl has been helping crafters start and run craft businesses through her blog, Cutting for Business. As a Silhouette and Cricut crafter herself, she has a unique take on what works and what doesn’t work in the craft business world. She also teaches a course on creating digital SVG designs, available at How to Design SVGs.