Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader ...

When you’re ready to exit the business you’ve nurtured through the years, who’s going to take your place at the helm? You’re probably planning a key person buyout of some variety if you’re not passing ...

In the world of business, there's a silent killer that often goes unnoticed until it's too late: Key person risk. This lurking threat can have a profound impact on your company's success, financial ...

Key person insurance, or contract frustration insurance, is a crucial risk management strategy for startups that rely heavily on specific individuals for their success. This type of insurance provides ...

Key person syndrome occurs when a business heavily relies on one individual to handle critical tasks or processes. This could be someone on your team, or it could be you. And often, this person not ...

Would your business survive the “hit by a bus” test? If you were unable to come to the office for an extended period because you got hit by a bus on your way to work, would your business survive? What ...

Divorce can become significantly more complex when one or both spouses own a business. Determining the value of that business is often one of the most important—and contested—issues in the case.