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 ...

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 ...

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 ...

Fund companies have moved increasingly to team-managed setups or comanagers. The reasons are growing complexity and investor concerns about key-person risk. Thoughtful succession planning can help ...

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.