Certified Public Accountant
Business Checkup
Can you answer yes to the following questions?
Do you know what your business is worth?
- Have you ever had a formal business valuation?
- Do you have a buy/sell agreement or a practice continuation arrangement?
- Is the agreement funded?
- Has your buy/sell been reviewed within the last 3 years?
- Does the buy/sell agreement protect your family as well as the business?
Do you know what will happen to the business if something happens to you?
- Do you have a succession plan?
- Have you made any provisions in the event of your disability?
- Is you family aware of what those plans are?
- Do your key employees know what those plans are?
Do you know what will happen when you want to retire?
- Have you thought about retirement?
- Do you know how much income you will need?
- Do you have income from other sources to fund retirement?
What will happen to the business if you want to retire?
- Does the business sponsor a retirement plan for you and your employees?
- Have you recently reviewed company retirement plans to see if they take advantage of current laws?
Have you done any estate planning?
- Do you have an up to date will?
- Do you have an estate plan besides a will and a buy sell?
Many business owners are too busy running the business to think about these matters. If you answered "no" to any of the above questions, you may be placing yourself and your family in jeopardy. O'Dell Valuation Consulting, LLC can work with your team of insurance agents, attorneys, investment advisors and CPA's to make sure that all of the "no" answers become "yes" answers. Our role is that of quarterback and we work on a fixed fee basis. We do not sell or endorse any product. Our role is to ensure your peace of mind.
We welcome your email inquiries to jodell@odellvalue.com
or your phone call to 410-810-2779.
