Business_Viewpoint_Fact_Finder.pdf

7/27/2019 Business_Viewpoint_Fact_Finder.pdf

http://slidepdf.com/reader/full/businessviewpointfactfinderpdf 1/12

Business Viewpoint

An overview of concerns and issues

you face as a business owner,

manager and employer–

from yourpoint of view.

Confidential for:

Name: ______________________________

Date: _______________________________

A0CD-0401-05



E C CE X E C U T I V E

C O M P E N S A T I O N

C O N C E P T S

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William IpemaEmployers Resource Group, Inc.

5900 Down Valley Court, Suite 100

Austin, Texas 78731

Office: (512) 458-1719

Fax: (512) 458-1769

Mobile: (972) 489-6792

Email: [email protected]

Registered Representative of and securities and investment advisory services offered throughHornor, Townsend & Kent, Inc. (HTK) Registered Investment Advisor • Member FINRA/SIPC.

HTK is wholly owned subsidiary of Penn Mutual.

Employers Resource Group, Inc. is independent of HTK.

Jonathan de la Cruz

Ageas Insurance Company Asia LimitedSuite 706-8, World Finance Centre

South Tower, Harbour CityTsim Shat Tsui, Kowloon

Hong Kong

Tel: (852) 2172 2700Mobile: (852) 9039 4149

Email: [email protected]



The Business Viewpoint will accomplish two key objective.

One, the nature of the questions will tell you specifically the type

of work that I do.

And two, your responses will tell us both how we should proceed

from here.

Your information is confidential.

The Business Viewpoint

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Business Data

Full Name: ________________________________ DOB: ____/____/______

Name of Business: _______________________________________________

Business Address: _______________________________________________

City: _______________________ ST: ______ Zip: _____________________

Nature of Business: ______________________________________________

Job Title: _______________________________________________________

Phone (Bus): (_____)______-________ Bus Fax: (_____)______-________

Phone (Res): (_____)_____-_________ Years in Business: ________

No. of Shareholders: ________ No. of Employees: ________

Spouse Name: _____________________________ DOB: ____/____/______

Is your spouse active in the business? Yes No

Do you have children? Yes No Ages: _________________________

Are any family members active in the business? Yes No

Please select the appropriate boxes below.

Type of Business The business is:

Sole Proprietorship Starting up

Partnership Expanding rapidly

Corporation (Family) Growing steadily

Corporation (Shareholder) Stable

Other________________ Currently declining

My ownership position is: My personal income is taken as:

100% Salary

75% to 99% Dividends

50% to 74% Bonus

25% to 49% Shareholder loans

Less than 25% Other ________________

My property assets include: Other assets include:

Personal residence Guaranteed certificates

Vacation property Life insurance

Land and buildings Tax deferred plans

Farming property Stocks, bonds, investment funds

Revenue property Other business(s)4



Please check the boxes that reflect your personal views.

A = Essential C = Of Little Value

B = Fairly Important D = Not Applicable

My Views

A B C D

1. For my personal satisfaction, owning a business is...

2. Taking time to plan for the success of my business is...

3. I believe special incentives for key employees are...4. Helping provide for employee financial security is...

5. To reduce turnover, an employee benefit plan is...

6. Special benefit plans for shareholders are...

7. My spouse’s involvement in operating my business is...

8. Having family members actively involved in operating mybusiness is...

9. Planning for financial security outside my business is...

10. Having the business provide family income in the event of mydisability or retirement is...

11. A strategy to plan for my exit from the business is...

12. Guaranteeing full value of my business to my heirs is...

13. Continued ownership of my business by my heirs is...

14. In the event of my death, having the business provide for myfamily is...

15. Having my will, estate plans and business continuationagreements fully integrated is...

16. A complete understanding of my current situation and futureplans by my legal advisor is...

17. Financial and tax advice from my accountant is...

18. A complete understanding of my current situation and futureplans by my accountant is...

19. Business insurance, employee benefits and retirementplanning advice from my insurance advisor is...

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Y = Yes ? = Not Sure

N = No X = Not Applicable

Issues as a Business Owner

Y N ? X

1. I am satisfied with the profitability of my business.

2. I know the current market value of my business.

3. My business is in a saleable condition.

4. Someone else could easily run my business.

5. The business provides adequate compensation for the owners.

6. I could easily find people who would want to buy my business.

7. The business currently provides adequate retirement incomefor the owners.

8. The full market value of my business will be transferred to my

heirs in the event of my death.9. I understand the consequences of the disability or death of

the other owner(s) of the business.

10. There is adequate life insurance on all owners of the business.

11. My spouse would receive an adequate income from thebusiness in the event of my death.

12. My will is current and consistent with my business plans.

13. My business loans and personal debts will be paid off in theevent of my death.

14. I have a current buy/sell agreement in place that fully coversdeath, disability and retirement.

15. I understand how taxes will be applied to my business andestate.

16. I require assistance in reviewing my business ownership issues.

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Issues as a Business Manager

Y N ? X

1. The competitive position of my business is positive in thecurrent marketplace.

2. I have full financial control of my business without the

restrictive influence of my banker.3. Loss of a specific key employee would adversely affect profits

or business credit.

4. The business could easily find replacements if key employeesbecome disabled or died.

5. Any business loss would be reimbursed if a key employeebecame disabled or died.

6. I have plans in place to retain employees who are key to thesuccess of the business.

7. I have adequate life and disability insurance in place on keyemployees of the business.

8. My spouse plays a critical role in the success of our business.

9. In the event of an extended disability, the business could runeffectively without me.

10. If I become disabled, the fixed overhead costs are insured ona tax-favored basis.

11. A written strategy is in place for managing the business in theevent of my death or disability.

12. My spouse has a full understanding of my businesscontinuation plans.

13. I have family members that will remain active in the business

in the event of my death.

14. In the event of my partner’s death, I am prepared to continuethe business with his/her relatives.

15. I am familiar with the tax-favored status of company-ownedinsurance programs.

16. I require assistance in reviewing my issues as a businessmanager.

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Issues as an Employer

Y N ? X

1. I feel it is important to help my employees plan for theirpersonal financial future.

2. I believe my employees should be encouraged to save for

retirement.3. I have installed a retirement income benefit program for my

employees.

4. Our pension plan provides an adequate income for retiringemployees.

5. Each qualified employee will receive a continuing income inthe event of a disability.

6. Our company benefit plan has supplemental benefits for keyemployees.

7. Our company benefit plan helps reduce turnover.

8. We have a formal plan in place to share profits with our mostproductive employees.

9. My employees appreciate the value of the benefits programthe company provides.

10. Our company benefit plan is easy to administer.

11. I am happy with the claims service I receive on my companybusiness plan.

12. I am concerned about the overall cost of the employee benefitplan.

13. I know the company benefit plan is competitive from a coststandpoint.

14. I believe the company benefit plan is a good value.

15. I value the advice provided by my employee benefits advisor.

16. I require assistance in reviewing my company benefit plan.

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Issues as an Individual

Y N ? X

1. I am satisfied with my rate of personal savings and investmentaccumulation.

2. My personal loan payments are fully protected by disability

insurance.3. I have an alternative source of personal income in the event of

an extended disability.

4. My personal guarantees are documented and insured in theevent of my disability or death.

5. My spouse and I are well informed about the benefits of planning our estate.

6. I have appointed a guardian for my dependent children.7. My executor is familiar with the contents and location of my

will and estate plan.

8. My will and my life insurance program are consistent with therequirements of my estate plan.

9. All my beneficiary designations are up to date.

10. I have made specific financial arrangements to provide for my

children and/or grandchildren.

11. I am concerned about the taxes applied to my estate.

12. I maximize my tax deferral contributions each year.

13. I have accurately projected my retirement income needs andsources.

14. I have a clear understanding of the impact of inflation on myfuture retirement income.

15. I have built adequate retirement assets outside of mybusiness.

16. I require assistance in reviewing my personal financial security.

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In the next year I plan to:

Changes

Start a new business Find a new legal advisor

Buy another business Find a new accountant

Expand the business Find a new banker

Invest more money in thebusiness

Find a new employee benefit advisor

Take on a new partner Find a new business insurance advisor

Bring a family member intothe business

Pay off a loan

Change my role in thecompany Sell business property

Borrow money Sell the business

Purchase property for thebusiness

Retire from the business.

Buy personal property

Review Status

Last buy/sell agreement review

More than 3 years ago Less than a year ago

1 to 3 years ago

Last will planning review


1 to 3 years ago

Last insurance review


1 to 3 years ago

Last company benefit review


1 to 3 years ago

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Issues for Discussion

Please check your areas of concern with the highest priorities.

As a business owner As an employer

Shareholder benefit plans Executive benefit plans

Business succession planning Employee retirement plans

Buy/sell agreements Employee disability plans

Business life insurance Company benefit (review)

Business debt protection Company benefit (proposal)

Other ________________ Other ________________

As a business manager As an individual

Business continuation planning Estate planning

Business continuation insurance Business insurance planning

Key person insurance coverage Estate taxation concerns

Disability protection planning Retirement income plans

Business overhead protection Tax deferred plans

Other ________________ Other ________________

Other Issues

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Notes

Business_Viewpoint_Fact_Finder.pdf

Documents

Transcript of Business_Viewpoint_Fact_Finder.pdf