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The following questions are designed to reveal the strengths of your business succession planand identify those areas that may need further attention. If you can't answer 'Yes' to every question, you should seek advice from your financial or tax advisors.
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Do you have a written succession plan for your business?
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yes or no
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| Have you reviewed your will, power of attornet and medical/health care directive in the past three years? |
yes or no
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| Have you discussed the tax consequences of the sale of your business with a tax advisor? |
yes or no
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| Have you discussed strategies for both your business transition and your estate with a legal advisor? |
yes or no
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| Have you determined the current value of your business? |
yes or no
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| Are you prepared for an unforseen event such as death, disability or critical illness? |
yes or no
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| Do you meet with your financial advisor regularly? |
yes or no
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| Have you determined how much income you will need in retirement? |
yes or no
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| Have you determined if your investment assets should be sufficient to generate your desired income stream in retirement? |
yes or no
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| Have you identified whether or not you will need to provide financing to the purchasers of your company? |
yes or no
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For further information about your own Business Transition,
please request a copy of our Business Transition Report.
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