Exit Planning Assessment Questionnaire

Exit Planning Assessment Questionnaire
Before you choose where you want to go, let’s figure out where you are. To assess your exit preparedness, please indicate your level of agreement with the following statements using this rating system:

1–Strongly agree, 2–Somewhat agree, 3–Neither agree nor disagree, 4-Somewhat disagree, 5-Strongly disagree

*If your answer is NA, please leave blank. Upon completion, you will receive your results within 3 business days.

Questions? Visit www.herbein.com or email Ashley at anblessing@herbein.com.
Name *

First Name Last Name
Email *
example@example.com
Company Name
Location

Street Address Line2

City State
1. I know when, how and to whom I want to leave my business.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
2. I know how much money I’ll need, on an annual basis, after I leave my company to live a comfortable post business life.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
3. The current value of my company meets or exceeds the value I’ll need to retire comfortably.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
4. I know what after-tax value I will need from my business to meet my financial objectives.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
5. My key employee(s) are: (a) incentivized to increase the value of my business; and (b) motivated to remain with the company through targeted compensation benefits.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
6. I have created a written, realistic growth strategy for my company that aligns with my Exit Plan.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
7. I have taken steps (such as covenants not to compete for key people and restricted access to trade secrets) toprotect my most valuable business assets.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
8. I’ve taken all appropriate measures necessary to operate my business in the most tax-efficient way possible.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
If you intend to transfer your company to a family member or employee, please skip to question 13.

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9. I’ve completed pre-sale due diligence and addressed all issues identified.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
10. I’ve completed pre-sale tax planning to maximize the after-tax sale proceeds I will receive.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
11. I know whether, and for how much, companies in my industry are selling.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
12. I understand the non-financial characteristics that make my company valuable to a buyer.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
13. If they had sufficient resources, I’d prefer to transfer my business to family or key employees.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
14. I know how to transfer my business to family, employees or co-owners for top dollar while paying the minimal amount of taxes.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
15. My company is free from family succession concerns.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
16. My successor owner has the skills and knowledge to participate as an owner of the business.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
17. I have a written contingency plan for my business should something happen to me.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
18. My contingency plan includes a mechanism to retain key employees.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
19. My estate plan protects my family’s wealth by ensuring that it receives the full value of my ownership should I not live to transfer it.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
20. My estate plan includes strategies to allocate business cash flow and transfer business ownership (and any related real estate) to the persons I choose.

1

2

3

4

5

1 is Strongly Agree, 5 is Strongly Disagree
Please note any additional comments here.
Should be Empty: