MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

What Happens To Your Business When You Die?

26 Sept 2025 · 1 min

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In this brief monologue, Mark Kohler explains how business owners can incorporate a business continuation plan into their estate planning. He emphasizes the importance of deciding who will inherit the business—whether employees, children, or a board of directors—and outlines creative ways to allocate assets, such as assigning real‑estate to one heir and balancing it with cash to another. The goal is to ensure the business and the wealth it generated survive the owner's death without being dissipated, thereby preserving the founder’s legacy.

Chapters

The business continuation plan. Many of our clients have investment property or a small business or a side hustle. To some degree. This is a chance in your estate plan to go. Here's how I want the business to live on. It's going to go to some of the employees. It's going to go to kids. I want to create a board of directors. When I die, I want to leave the business to this kid, but I'm going to leave the real estate to this kid and then equal it out with some cash so you can be very, very creative so that this legacy that you've created or these assets and wealth that you've created leaves a legacy, and it's just not dissipated and destroyed. So I think that's a great opportun.