Concerns to share when deciding to retain ownership.
| Concern | Death | Disability | Retiremei |
|---|---|---|---|
| 1) Source of income when owner is no longer fully employed? | X | X | X |
| 2) Who will manage the business in owner’s absence? | X | X | X |
| 3) How will the owner’s departure from day-to-day management affect: Profits? | X | X | X |
| Customer relations? | X | X | X |
| Creditor relationships? | X | X | X |
| Employee morale? | X | X | X |
| 4) How will the business be valued for estate and inheritance tax purposes? | X | ||
| 5) Where will the liquidity come from to pay federal estate taxes and other expenses associated with the death of the owner? | X | ||
| 6) Will the business be able to pay its debts in a timely manner? | X | X | X |
| 7) How will minority shareholders be affected? | X | X | X |
| 8) If the business is retained for certain family members (i.e. working son of owner), how will asset distribution be equalized to other family members? | X | X | X |