User Power
Value/Post Ratio
185%
- Jul 20, 2014
- 397
- 735
- 33
You basically need to remove yourself from your business - make it Fastlane. If you are the cog that keeps your machine turning, then if something were to happen to you, the machine stops.
However, if you hire people to replace your role, such that the machine keeps turning with or without you, you've now created a system, and the system can be transferred, bought, and sold.
Beyond that, you'll just need to consult with a financial planner about the best organizational structure that would allow you to leave the company to your partner. Probably holding the LLC within a trust that can be assigned to her in the event of your death.
However, if you hire people to replace your role, such that the machine keeps turning with or without you, you've now created a system, and the system can be transferred, bought, and sold.
Beyond that, you'll just need to consult with a financial planner about the best organizational structure that would allow you to leave the company to your partner. Probably holding the LLC within a trust that can be assigned to her in the event of your death.