Scion Advisors - Quick Audit

Jump Start Success

Quick Audit - How prepared are you for change in ownership control ?

Take our Quick Audit to see how your succession practices stack – up

1 Do you expect to retire or exit from your business in:
	More than 5 years Less than 5 years

2. Strategic plan is prepared and has been shared with the family
	Yes No


3. Financial plan is in place (for at least 8 years out)
	Yes No


4. Estate plans are in place for all owners
	Yes No


5. Tax plans have been reviewed in the last 3 years
	Yes No


6. Shareholder agreements are signed and actionable
	Yes No


7. In the last year, we’ve had lengthy family discussions about the future
	Yes No


8. Roles of key owners and business leaders for the transition have been disclosed
	Yes No


9. A formal succession timeline has been agreed upon
	Yes No


10. A board of directors/advisors or family council is in place
	Yes No


11. Outside board members are participating actively
	Yes No


12. Family continuity plans are in place, defining family business policies
	Yes No


13. Team of family business advisors is active
	Yes No


14. Roles, policies and ownership interests for non-family spouses exist
	Yes No


15. Qualified successor has been chosen and is ready to assume the role
	Yes No

Building stronger family businesses™

Scion Knowledge Base

How prepared are you?

12/01/2008
How family businesses can succeed in a proliferated wine marketplace.
Deborah Steinthal, Founding Partner, Scion Advisors, in conversation with Michael Mondavi, Folio Wine Partners, Founder and Coach


Copyright 2004-2008 Scion Advisors DBA. All rights reserved. Photography by John McJunkin	1339 Pearl Street, Suite 204, Napa, CA 94559 707.258.9130 tel. \| 707.258.9132 fax	Deborah@scionadvisors.com