Name: Score:
50 Multiple choice questions
Term 1 of 50
What are the most important components of a family enterprise?
The entire family enterprise
Controlled auction
The business
Debt recapitalization
Term 2 of 50
Gate 1
DISCOVER
Triggering event
Attractiveness Readiness
Determined Gaps
Created Detailed Created Action Plan
Haven't actually done anything yet
Well established company with predictable cash flows
Management, Family, Owner
Breakdown of communication and trust within the family
Heirs unprepared for required roles and accountability
Non-technical people-based issues
,Term 3 of 50
The most common application of an Employee Stock Ownership Plan and Trust is to provide
liquidity for private company owners.
False
Alignment
After discovering and discussing themes from the Triggering Event with the business owner
True
Term 4 of 50
Every ESOP installation qualifies for tax free proceeds to the seller.*
Gate 1 and Discover Gate
Alignment
True
False
Term 5 of 50
1042
maximize investment in real estate properties
increase the overall value of a business through expansion
ensure a steady income stream for retirement
avoid having to pay capital gains tax and need 30%
, Definition 6 of 50
Breakdown of communication and trust within the family
Heirs unprepared for required roles and accountability
Non-technical people-based issues
Family businesses face many challenges. The most important challenges which are not
being addressed include which of the following
Based on the 2013 EPI State of Owner Readiness Survey, how many business owners were
not familiar with all their transition options?*
Outside Options
What are the most important components of a family enterprise?
Term 7 of 50
Based on the 2013 EPI State of Owner Readiness Survey, how many business owners were not
familiar with all their transition options?*
about half
nearly 12/22
nearly 2/3
nearly 3/6
Definition 8 of 50
Inside and Outside
Two Exit Options
Inside Options
Inside Options
3 Success Areas
50 Multiple choice questions
Term 1 of 50
What are the most important components of a family enterprise?
The entire family enterprise
Controlled auction
The business
Debt recapitalization
Term 2 of 50
Gate 1
DISCOVER
Triggering event
Attractiveness Readiness
Determined Gaps
Created Detailed Created Action Plan
Haven't actually done anything yet
Well established company with predictable cash flows
Management, Family, Owner
Breakdown of communication and trust within the family
Heirs unprepared for required roles and accountability
Non-technical people-based issues
,Term 3 of 50
The most common application of an Employee Stock Ownership Plan and Trust is to provide
liquidity for private company owners.
False
Alignment
After discovering and discussing themes from the Triggering Event with the business owner
True
Term 4 of 50
Every ESOP installation qualifies for tax free proceeds to the seller.*
Gate 1 and Discover Gate
Alignment
True
False
Term 5 of 50
1042
maximize investment in real estate properties
increase the overall value of a business through expansion
ensure a steady income stream for retirement
avoid having to pay capital gains tax and need 30%
, Definition 6 of 50
Breakdown of communication and trust within the family
Heirs unprepared for required roles and accountability
Non-technical people-based issues
Family businesses face many challenges. The most important challenges which are not
being addressed include which of the following
Based on the 2013 EPI State of Owner Readiness Survey, how many business owners were
not familiar with all their transition options?*
Outside Options
What are the most important components of a family enterprise?
Term 7 of 50
Based on the 2013 EPI State of Owner Readiness Survey, how many business owners were not
familiar with all their transition options?*
about half
nearly 12/22
nearly 2/3
nearly 3/6
Definition 8 of 50
Inside and Outside
Two Exit Options
Inside Options
Inside Options
3 Success Areas
