Planning for the possibility of your own incapacity is crucial for a small business owner because a small business cannot function for long without someone at the helm. Equally important, the person at the helm must have the necessary legal authority to run the business. Imagine if you were injured in an accident tomorrow and became incapacitated. Without an incapacity plan in place, no one would have the legal authority to negotiate contracts for the purchase of supplies nor for the sale of products. Banks, suppliers, customers, government agencies would all be unwilling to continue working with your business. Because this exact scenario could happen to you, it is imperative that you plan for the possibility.