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What happens when a business owner dies?

Stephanie Vokral, certified financial planner with Investra in Columbia, S.C.
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Stephanie Vokral, certified financial planner with Investra in Columbia, S.C.

Most business owners probably have a plan in place for the business to continue if they pass away. But what if they don’t, or what if they forgot something? Our next guest says a myriad of potential problems could occur. Mike Switzer interviews Stephanie Vokral, a certified financial planner with Investra in Columbia, S.C.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.