Dillon-MA

6 Questions

Every business will transition to someone else eventuallyÖ the question is, will you be ready for that event?

Whether transferring your business to a key employee, a family member or an outside buyer, your business will ultimately change hands. With or without you. Are you ready? To that end, here are six questions every business owner should ask themselves:

1) Do I know what my business is worth?

Have I ever had the company value appraised by an outside resource?
Have I had an appraisal reviewed within the last three years?

2) Am I too busy running the company to plan for its ultimate transition?

Do I have an offensive coordinator? (hint, your accountant and attorney are ìdefensiveî coordinators)
Do I have a will? Is my will up to date?

3) What happens if I should die at an early age?

Do I have a succession plan in place?
How successful would the company run without me?...80%, 60%?
Are key employees and/or family members in my succession plan?

4) Is this something I can put off until later?

Do I know when I want to retire?
Do I know how much income I will need?
Have I accounted for getting sick, or even dying?

5) Is my business my retirement funding?

My business assets are what percent of my retirement plan?...50%, 100%?
Am I currently using an asset allocation model?

6) Can my tax liability be lowered by planning now for the sale of my business?

How much will uncle same get? As little as 3% or as much as 35% to 50%?
Can I maintain my current standard of living?

"We'll help you answer these questions and others during our pre-sale preparation and value-enhancement phase."

Our Professionals

Ron Dillon
913-888-8001
Email Ron

Rick Dillon
913-322-0054
Email Rick

Robert Evans
260-824-5514
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Dave Fahle
816-763-5979
Email Dave

Larry Dillon
916-751-1855
Email Larry

Thomas J. McCoy
816-333-1261
Email Thomas