What is a business continuity plan?

A business continuity plan is a document that helps a business prepare for and manage any type of disruption to its operations. It outlines the steps the business should take to keep operations running in the event of unexpected events or disruptions, such as natural disasters, pandemics, or power outages. This plan includes instructions and information about how to keep people and property safe, how to continue operating, and how to restore operations once the event is over. It can also consist of policies, procedures, communication plans, and other resources that help the business maintain its operations. In Washington, businesses must have a business continuity plan in place to remain compliant with legal standards and regulations.

Related FAQs

How do I select a business insurance provider?
What are the pros and cons of different forms of business?
What types of business licenses are necessary?
How do I hire employees and independent contractors?
What is financial statement preparation?
What are the requirements for filing taxes for a new business?
What is required for corporate financial reporting?
What is a business liability waiver?
What is required to form a limited liability company?
Are there any tax implications for different business formations?

Related Blog Posts

Understanding the Basics of Business Formation Law - July 31, 2023
What You Need to Know Before Starting Your Business - August 7, 2023
The Financial and Legal Aspects of Starting a Business - August 14, 2023
Why It's Important to Have a Legal Guide When Forming Your Business - August 21, 2023
Navigating State and Federal Laws When Forming a Business - August 28, 2023