Steven Beal

(204) 478 7266 x109

OFFICES: Alberta, Manitoba, Northwest Territories, Nunavut, Ontario, Saskatchewan, Yukon

Business Owners Questionnaire

In order to achieve success and maximize business efficiency, every business owner must know the answers to each of these questions:

Do you know what will happen to your business should you or your partner die or become disabled?

Yes / No

Yes / No

Do you have a plan to attract new talent and retain key employees? Do you have incentives for key employees to stay? Are they tax efficient?

Yes / No

Have you explored tax advantaged deferred compensation plans that favor the highly compensated?

Yes / No

Have you implemented value drivers and operational mechanisms in your business to increase and measure its value so that you receive optimum value when you decide to sell to a third party or top management or transition the business to family?

Yes / No

Have you had your business valued to know its current worth and to gauge how it must grow, if at all, to meet your retirement needs?

Yes / No

Yes / No

Do you have a will and trust in place so that your final wishes will be carried out and to reduce estate taxes?

Yes / No

Yes / No

Do you have a Buy Sell agreement that is funded in order to buy out a partner and to satisfy bank loans?

Yes / No

Do you have adequate strategies in place within the business to solidify revenues and to preserve cash flow and business value during turbulent times?

Yes / No

In today's changing tax environment, have you taken advantage of new and recent tax minimization strategies?

Yes / No

Do you have a written agreement in place for all employees to prevent them from taking customers, trade secrets, employees or vendor/manufacturers with them after they leave?

Yes / No

If you answered "No" to any of the above questions, you need to schedule a free and no obligation confidential meet with:

Full Name

Phone

Email

Comment

Disclaimer: BizHarmony does not provide legal or accounting advice.

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