Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and FPA Owner Transitions are separate entities from LPL Financial.

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* 1. Name 

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* 2. Email Address

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* 3. Phone Number

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* 4. On a scale from 1 to 5, with 5 being the most prepared, how prepared are you to successfully transition out of your business?

1 3 5
Clear
i We adjusted the number you entered based on the slider’s scale.

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* 5. Do you know the current range of value for your business?

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* 6. Do you know the value of other companies in your industry (and industry multiples)?

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* 7. Do you own or rent the business real estate?

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* 8. Do you know what value you will need from your business to meet your personal financial goals?

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* 9. If there is a shortfall between what you will need from the business and the current value of the business, do
you have a formal (written) plan for increasing the value?

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* 10. Do you know what income will be generated by your personal resources when retirement begins?

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* 11. Do you have a management team capable of running the company in your absence?

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* 12. Have you taken steps to transition management responsibilities to key employees?

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* 13. Is your company's value insulated from the departure of one or more key employees?

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* 14. Does your company have an established and diverse customer base?

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* 15. Do you maintain comprehensive financial reporting for the company?

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* 16. Are your financial statements prepared by an independent accountant/CPA?

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* 17. Do you have any life plans after you are no longer actively involved in your business?

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* 18. Have you prepared for the changes in relationships that will occur after you retire?

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* 19. Have you defined what a successful retirement will look like?

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* 20. Have you decided on a transition path?

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* 21. Have you prioritized your transition objectives?

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* 22. Have you determined your transition timing?

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* 23. Have you ever been approached by a third party wanting to buy your business?

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* 24. Have you identified potential buyers?

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* 25. Do you understand which non-financial features of your company would attract a purchaser?

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* 26. Do you understand all of the financial aspects of your company that will either accelerate value or detract from value?

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* 27. Have you prepared your company for sale by completing pre-sale due diligence and addressing all of the issues identified?

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* 28. Is there a formal plan in place to incentivize key employees to remain with the company through a transition to a new owner?

Thank you for completing our survey! Charles Kedra will be in touch with his assessment. 
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