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All in the Family

Your family business can build bonds across generations and a legacy in your community. At the same time, the demands of managing a family business are unique: succession planning, risk management and relationships with family partners.

Protect What You Value

Don’t skimp on insurance for your business. A disability or loss of one key individual could be devastating. Consider key man insurance in addition to life and disability. These plans make buying or selling a business less risky and support your succession plan.

Account for Your Family's Needs

Consider your family’s needs before expanding your business. Make sure income is in place to cover living, medical and savings plans. Review your disability and life insurance coverage and investigate key man insurance.

Manage Your Capital

Make sure your assets can support both your business plan and your personal retirement plan. If your business represents a significant portion of your asset base, consider how to balance your other assets to spread your risk.

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This information is general in nature and is not intended to be legal, tax, or financial advice. Although Regions believes this information to be accurate, it cannot ensure that it will remain up to date. Statements or opinions of individuals referenced herein are their own—not Regions'. Consult an appropriate professional concerning your specific situation and for current tax rules. Regions, the Regions logo, and the LifeGreen bike are registered trademarks of Regions Bank. The LifeGreen color is a trademark of Regions Bank.

Banking products and services are provided by Regions Bank.