Living in a materiaL worLd - Minnesota Precision Manufacturing ...
Living in a materiaL worLd - Minnesota Precision Manufacturing ...
Living in a materiaL worLd - Minnesota Precision Manufacturing ...
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Make the Right Moves Early <strong>in</strong> Your Bus<strong>in</strong>ess<br />
You worked hard to create a successful, respected bus<strong>in</strong>ess. The open<strong>in</strong>g moves of your exit strategy<br />
plan will ultimately help determ<strong>in</strong>e your f<strong>in</strong>al f<strong>in</strong>ancial victory.<br />
Many professional advisors suggest putt<strong>in</strong>g a succession plan <strong>in</strong> place at least five years before you<br />
<strong>in</strong>tend to retire…10 years may be even better. In fact, some recommend that an exit strategy be built<br />
<strong>in</strong>to the <strong>in</strong>itial bus<strong>in</strong>ess plan.<br />
Proper plann<strong>in</strong>g for your bus<strong>in</strong>ess and personal need should address:<br />
• Retirement <strong>in</strong>come<br />
• The death and disability of an owner<br />
• The departure of a bus<strong>in</strong>ess owner<br />
• Family members <strong>in</strong>volved <strong>in</strong> the bus<strong>in</strong>ess<br />
Avoid a future problem and make the first move now. To help assure f<strong>in</strong>ancial security for you, your<br />
family, and your bus<strong>in</strong>ess, contact your Federated representative or your association office for<br />
<strong>in</strong>formation on Federated’s F<strong>in</strong>ancial Protection Services. The advantage will be yours.<br />
It’s Our Bus<strong>in</strong>ess to Protect Yours ®<br />
09.04 Ed. 4-09 • The FEDERATED Insurance Companies • Home Office: 121 East Park Square • Owatonna, M<strong>in</strong>nesota 55060<br />
Phone: (507) 455-5200 • www.federated<strong>in</strong>surance.com<br />
May | June 2010 PRECISION MANUFACTURING | 5