7. Measuring business value 8. Funding succession plans 9. Arranging debt cancellation 10. Reducing transfer taxes 11. Executing realistic solutions 12. Identifying family opportunities
13. Ownership and control 14. Debts: bank or family 15. Debt-related questions
16. Estate plan arrangements 17. CEO's retirement funding 18. Alternatives to be evaluated.
Let's spend some time on ownership issues. If a principal owner dies, is there a plan to purchase those shares? Are there sufficient funds to pay this amount in cash, without delay? Should a trustee be required to direct the transfer? Are there business loans and debts? How is the value of the business determined for the transfer? Are these loans insured to avoid them being called at the most inconvenient time? Is the business a major part of the CEO or owner's estate? Are there sufficient assets to equalize the estate without control issues or damaging the ongoing business? Is there an equalization plan? Could a caster or noncaster be a problem? Are there business? An example could be a caster who happens to be the wife of a pastor or teacher with a moderate income. How does she receive her portion of the estate without affecting the cash flow of the business? Should the owners consider a retirement plan to help with succession planning? Is there a retirement date set?
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