Sentences with phrase «emergency succession plan»

Of course, most brokerages will not need to utilize an emergency succession plan when transferring its leadership from one broker to another.

Brokers should review their state's laws and address the requirements of state law in their emergency succession plan, as some states allow the broker to pick the successor or list potential successors.

Emergency succession plans are something that every firm should adopt to not only avoid disruption of its business but also to protect its assets and clients.

Not exact matches

And planning well in advance for the succession of a firm — either from first to second generation or simply from one strong group of lawyers to the next — is a much more prudent business practice than dealing with this on an emergency basis.

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