Family Business Risk Snapshot

FAMILY BUSINESS PREP

Are you prepared to protect your family and preserve your wealth? Take :30 seconds.

Rows	Yes	No	Not Sure
Do you know when you would like to step away from your daily involvement in business?
Can the company continue to be profitable without your direct involvement?
Have you identified a successor and communicated that to the individual and all family members?
Do you believe the person you would choose to run the company is prepared to assume that role?
Have you spoken with key employees who are not family members about your succession plans?
Are you able to effectively separate the day-to-day business operations from the emotional family dynamic?
Have you documented your succession plan and shared it with everyone involved?

YOUR RISK PROFILE >>
DOES THE RISK IN THE FAMILY BUSINESS NEED YOUR ATTENTION
- LOW [0-5] You're in pretty good shape. Keep up the good work!
- MODERATE [6-12] Don't neglect conversations with your family on these critical topics.
- DANGEROUS [13-19] There are serious issues you need to discuss with family members.
- SEVERE [20+] These family and business topics need your immediate attention.
You are not alone. Many family-owned companies face these same issues. Contact the professional who sent this if you would like to have a conversation about potential solutions.
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