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.