Continuation Outline

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

Questions-Which Apply?

Management Decisions

• Who takes over as EO, Managing Director?
• Should there be incentives to Retain Key Employees?
• Should there be an Interim Board of Directors? Who?
• How does the company complete Work In Progress?
• Do you want Severance, Transition Pay for Employees?

Financial Decisions

• Who assumes or pays the Personal Debt Guarantee?
• When do you pass on critical Bank Relationships?
• Who needs Key Person Life Insurance?
• Who takes Control of Receivables, Payables?
• Who maintains Patient, Client Files?

Direction of company - Strategic Plan

• Is it best to Maintain Under Family Management?
• Is it best to Maintain Under Employee Management?
• Should the family seek an Outside, Qualified Buyer?
• Can it be Preserved for Young or Non-involved Children?
• Is it best to Wind Up Business, Liquidate? When?

Disposition of company ownership

• Does it pass by Gift to Family Members? Who pays the tax?
• Should it be Sold to Involved Family Members? Do they have the money?
• Should it be Sold to a Key Employee Group? Do they have the money?
• Is a Reciprocal Buyout with a similar company, practitioner appropriate?