"Financial IQ" Quiz

"Financial IQ" Quiz

Import Concepts for Business Owners
1. Which of these “triggers” should be included in a buy-sell agreement?
2. What is the preferable standard for pegging the value of the company in a buy-sell agreement?
3. Under most circumstances, what is the most important piece of employee compensation planning?
4. What percentage of your employees say financial issues is the #1 cause of stress in their lives?
5. Which of these statements about your liability structure is true?
6. A life insurance policy equal to the value of the business assures you fully replace the business value for your family if you pass away.
7. If you own an S-Corp or LLC, when do you have to pay taxes on your profits?
8. It is estimated that what percent of small businesses put on the market for sale actually sell?
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