Business Health Assessment

Business Health Assessment
Contact Information
Name*

First NameLast Name
Email*
example@example.com
Phone Number*
Please enter a valid phone number.
Score each question from 1-5 with:
1 = Not In Place/High Risk and 5 = Completely Prepared/Best Practice
Accounting & Financial Reporting
Financial statements are prepared timely and accurately (monthly or quarterly)*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Books are maintained using a consistent accounting method such as GAAP *

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Revenue recognition policies are appropriate and consistently applied*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Balance sheet accounts are reconciled regularly (at least monthly)*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Internal controls exist to prevent material errors or fraud*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Tax Compliance & Planning
All required federal, state and local income tax returns are filed timely*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Payroll, sales/use and estimated taxes are current*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
The business has proactive tax planning not just compliance filing*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Entity structure is tax-efficient for the business and the owner(s)*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Audit exposure and penalty risk are low and well managed*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Had a nexus study completed for various possible state income and sales taxes*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Business Value Awareness
The business had a formal valuation prepared within the last 3 years*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
The owner understands key drivers of business value and reviews them regularly*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Normalized financials (owner add-backs, nonrecurring items) are well documented*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
EBITDA/cash flow trends support strong valuation multiples*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
The estimated business value aligns with owner's financial goals*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Risk Management & Insurance
Appropriate insurance coverage is in place and reviewed regularly (GL, E&O, cyber, key person, etc.)*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Cybersecurity and data protection controls are in place and reviewed regularly*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Customer concentrations risks are identified and mitigated*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Vendor/supply chain concentrations risks are identified and mitigated*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Legal & Compliance Readiness
Entity formation documents and ownership records are current*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Operating/shareholder/buy-sell agreements are in place and up to date*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Key contracts (customers, vendors, leases) are documented and enforceable*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Employment agreements, handbooks and HR policies are in place and up to date*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Licenses, permits and regulatory requirements are current*

1

2

3

4

5

1 is Not In Place/High Risk, 5 is Completely Prepared/Best Practice
Please click "Submit" to see your score and what it could mean!
Your score:
Should be Empty:

Business Health Assessment

Contact Information

Accounting & Financial Reporting

Tax Compliance & Planning

Business Value Awareness

Risk Management & Insurance

Legal & Compliance Readiness