Continuation Outline

"If it could go the way I want it to, how should it go?"

Questions-Which Apply?

1. MANAGEMENT DECISIONS

__ a. Who takes over as EO, Managing Director?

__ b. Should there be incentives to Retain Key Employees?

__ c. Should there be an Interim Board of Directors? Who?

__ d. How does the company complete Work In Progress?

__ e. Do you want Severance, Transition Pay for Employees?

2. FINANCIAL DECISIONS

__ a. Who assumes or pays the Personal Debt Guarantee?

__ b. When do you pass on critical Bank Relationships?

__ c. Who needs Key Person Life Insurance?

__ d. Who takes Control of Receivables, Payables?

__ e. Who maintains Patient, Client Files?

3. DIRECTION OF COMPANY - Strategic Plan

__ a. Is it best to Maintain Under Family Management?

__ b. Is it best to Maintain Under Employee Management?

__ c. Should the family seek an Outside, Qualified Buyer?

__ d. Can it be Preserved for Young or Non-involved Children?

__ e. Is it best to Wind Up Business, Liquidate? When?

4. DISPOSITION OF COMPANY OWNERSHIP

__ a. Does it pass by Gift to Family Members? Who pays the tax?

__ b. Should it be Sold to Involved Family Members? Do they have the money?

__ c. Should it be Sold to a Key Employee Group? Do they have the money?

__ d. Is a Reciprocal Buyout with a similar company, practitioner appropriate?

Copyright 1999, PASS IT ON, INC.