Breaking a commercial lease may be an intimidating prospect. Whether you are a long-term tenant or your lease is relatively new, you know that breaching any contract puts you at risk of legal and financial consequences. As a business owner, the cost of such things may be more than you want to pay.
Since you founded your new business, many concerns may keep you awake at night, and some of them are out of your control. For example, depending on your business, a natural disaster or turn of bad weather may have a negative impact on your services. The economy may drive your sales down. Certainly, a change in the laws regarding your industry could affect the way you do business.
When one of your workers is injured on the job, it can be an overwhelming experience. Naturally, your first thought is for the well-being of your employee, and you do everything you can to ensure the worker gets appropriate medical attention. However, your mind may automatically go to the welfare of your business.
You can't take it with you. You've probably heard that old saying, and you may have very definite ideas about what should happen to your belongings when you are no longer here. Whether you have already verbally distributed your assets or have designated them more formally through a written will, your estate will likely go through the probate process before any of your heirs can take possession of your gifts to them.