Doud Hausner & Associates ~ Family Business Consultants Click here to take our Family Business quiz...

Family Business Quiz  

Test your understanding of what SUCCESSION PLANNING is all about with THE DH&A SUCCESSION QUIZ...

There are a great many myths about what Succession Planning in family business really is. Take a moment to check your understanding of the key elements in this essential, survival process for the family enterprises in the transition across the generations. Simply answer the questions below True or False and then click the Submit key. Your quiz will be instantly scored and you will see the Doud Hausner & Associates’ response to each question.

If, after reading our responses, you want to keep the dialogue going, go to “Contact Us” and use our express email to ask us additional questions or tell us why you disagree.

Helping family enterprises successfully navigate the challenges of Succession in ownership, management, and governance is what Doud Hausner & Associates is all about.
 
Question 1
True False

A well-prepared will is the foundation document of any succession plan.

Question 2

True False

Most successful transitions between generations follow the steps outlined in good buy-sell agreements.

Question 3

True False

When working on intra-family transition, the pivotal “value” figure is what the business is worth on the open market.

Question 4

True False

In succession and estate planning, tax considerations must be our first priority.

Question 5

True False

Most children not actively involved in the family business do not want to be involved in the succession planning.

Question 6

True False

One of the things that makes family business unique is that “ownership” and “management” are essentially synonymous terms.

Question 7

 True False

Estate and succession planning are essentially “family matters” that must be kept highly confidential and within the family.

Question 8

True False

Estate and succession planning professionals are implementors of your decisions. Their essential role is to document, not guide, that decision-making.

Question 9

True False

Spending significant time, money, and energy on succession planning is really not justified until the senior generation is prepared to step aside.

Question 10

True False

Care must be taken during succession planning to ensure that the decision-making process deals exclusively with the difficult business issues at hand and is not clouded by emotional family concerns.

Your Name:

(required)

Job Title:

(required)

Company:

(required)

Email:

(required)

Phone:

( ) - Ext.

Click Submit to see the correct answers!

Contact Us | Site Map | Home

© 2001-2008 Doud Hausner & Associates. All rights reserved.
Family Business Consultants & Advisors ~ Providing Services to Family Enterprises in Transition