Scion Advisors - Quick Audit

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Quick Audit – Prepared for Exit?

How prepared are you to exit or retire from your business. Take our Quick Audit to see how your exit practices stack up?

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

2. Realistic business exit scenarios are detailed and vetted?
	Yes No


3. Team of business advisors is active?
	Yes No


4. Strategic plan is prepared and has been shared with your business team?
	Yes No


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


6. Wealth planning is in place for all owners?
	Yes No


7. Tax plans have been reviewed in the last 2 years?
	Yes No


8. Shareholder/buy-sell agreements are signed and actionable?
	Yes No


9. Business ‘sell strategy’ is prepared and shared with owners?
	Yes No


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


11. A formal transition timeline has been agreed upon?
	Yes No


12. Outside board members are participating actively ?
	Yes No


13. Financial reporting separates owners’ personal finances from business’ finances?
	Yes No


14. Debt is aligned against appropriate personal and business assets?
	Yes No

Building stronger family businesses™

Business Knowledgebase: CEO Resources

How prepared are you?

11/03/2009
NEW! Wine: The Next Generation
by Jane Hodges Young. NorthBay Biz, November 2009

01/17/2009
Perfect Storm Revisited III
Co-authors Deborah Steinthal, Erica Valentine, and John Hinman


Copyright 2004-2010 Scion Advisors DBA. All rights reserved. Photography by John McJunkin	3535 Hagen Road, Napa, CA 94558 707.258.9130 tel. \| 707.258.9132 fax