Owner Planning Checklist

1. Have you decided:
    a. When you want to leave your business?      Yes ____   No____
    b. What amount of cash or annual cash flow you will need when you exit?   Yes____ No____
    c. To whom you want to transfer your business?   Yes____ No____

2. Based on future cash flow, do you know how much your business is worth today?   Yes____No____

3. Do you know how to best maximize the income stream generated by your ownership interest - both before and after you leave your business?   Yes____ No____

4. Do you know how to sell your business to a third party and pay the least possible taxes? Do you know if your business is even marketable?   Yes____ No____

5. Do you know how to transfer your business to insiders (family, employees, co-owners) while paying the least possible taxes and enjoying maximum financial security?  Yes____No____

6. Do you have a plan for your business if the unexpected happens to you?  Yes____ No____

7. Have you taken steps to protect your family's wealth?  Yes____No____

If you answered YES to seven or more questions, congratulations you have started to Pack Your Chute.  Your Exit Plan is likely well underway. Contact us if you would like us to review your plan.

Three to six YES answers mean you have a good start on your Exit Plan. Call us to coordinate the missing pieces with the components already in place.

If you have fewer that three YES answers, we suggest that you schedule a meeting today with advisors skilled in Exit Planning. Your successful exit depends on a comprehensive Exit Plan.

Recommended Reading

The $10 Trillion Opportunity

Social Forces & Aging

Family Business Succession

Passing the Baton

Business Succession Planning

Call us at 1 800 665 3099 or email us at info@popemakedeals.com