Transition Readiness Checklist

Transition Readiness Checklist

Criteria Completed Planned Timing
Is your Company Positioned for Best Value & Attractiveness to Buyers?
  • Company profits maximized last 3-5 years
  • Company’s true profitability is verifiable
  • Potential for growth in the future
Has the Owner left enough time; to identify the right buyer and transition?
  • Seller willingness to stay on, often for a year or longer: usually on a reducing basis is attractive to many buyers
  • Other senior staff available to replace owner re skills/knowledge & client relationships
  • Payment structures for Sale; often require the seller to stay engaged through vendor-take back notes or earn- outs
Have Non- Business/ Redundant Assets been removed from the business ?
  • Buildings
  • Personal assets
Does your Company Value Today meet your Personal Needs for the Future?
  • Assessment of personal financial requirements from company sale
  • Plan/timeline to increase company value
  • Tax Advice re expected after-tax proceeds from company sale.
Have you set up a defined Family Succession strategy?
  • Capability and interest of proposed heir/successor
  • Structured transition plan in place to transfer: skill, knowledge, and financial
Have the company’s Legal Agreements been reviewed?
  • Company ownership structure: corporation, sole proprietor, partnership
  • Shareholder Agreements; in place If multiple owners
  • Employee Agreements; to reduce buyer risk
Criteria Completed Planned Timing
Is your Company Positioned for Best Value & Attractiveness to Buyers?
Has the Owner left enough time; to identify the right buyer and transition?
Have Non- Business/ Redundant Assets been removed from the business?
Does your Company Value Today meet your Personal Needs for the Future?
Have you set up a defined Family Succession strategy?
Have the company’s Legal Agreements been reviewed?

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