Industries Services About Us News & Events Locations Contact Us
 
 
 

Family Business Scorecard


Does the company have several partners, investors, or other stockholders in the company?YesNo
Is stock ownership concentrated in those family members who are actively involved in the company?YesNo
Are there conflicts between these partners, investors or stockholders?YesNo
Is the buy-sell agreement up to date?YesNo
Is it reviewed annually?YesNo
Is it fully funded?YesNo
Do those who will be affected by it understand it?YesNo
Is there stock transfer policy in the event of death or voluntary termination?YesNo
Are there immediate relatives working within the company?YesNo
Has the employment of any relative caused problems or friction among any employees?YesNo
Is it difficult to retain non-family managers as a result of employing relatives?YesNo
Is there rivalry among family members as a result of this employment?YesNo
Are there compensation problems among siblings/relatives?YesNo
Are there any unresolved conflicts deep enough to prevent the family members from resolving business issues?YesNo
Is there a plan or intent for entrepreneurial and/or management education for your children in the business?YesNo
Does each individual family member employee have a growth plan to prepare him/her systematically for their future responsibilities?YesNo
Do you evaluate objectively the performance of family members who work in the business at least once a year?YesNo
Have you decided when you want to leave your business? YesNo
Have you decided how you want to leave your business?YesNo
Have you decided what amount of cash or annual cash flow you will need when you exit?YesNo
Have you decided to whom you want to transfer your business? YesNo
Based on future cash flow, do you know how much your business is worth today?YesNo
Do all owners agree on this valuation?YesNo
Is the valuation revisited annually? YesNo
Do you have a plan for your business if the unexpected happens to you?YesNo
Have you taken steps to protect your family’s wealth?YesNo
Does your business plan work and is it updated regularly?YesNo
Does the family meet together regularly to learn about the business and to develop policies which impact family members?YesNo
Do you have a competent board of advisors who meet regularly and offer thoughtful and candid advice about your company?YesNo
Are members of each generation allowed to contribute their ideas about the business and are they treated with respect? YesNo
Does your family enjoy holidays and other gatherings without focusing on business?YesNo



An MCM advisor will follow-up soon with your results.

Name (required)

Company Name

Your Email (required)

Your Phone Number

Fill out the form below to proceed to the download.

Name (required)

Email (required)

Company

Fill out your information and we will get back to you shortly.

Name (required)

Email (required)

Company

Message

Personnel Profiling joins MCM

Effective July 1, 2014, Personnel Profiling, Inc. has joined the team at Mountjoy Chilton Medley, Kentucky’s largest CPA & advisory firm. With MCM, we’ll continue to offer the same top notch HR assessments, services and tools, now coupled with a greater breadth of in-demand expertise and services. You can now find the PPI main office and staff at MCM’s downtown Louisville headquarters.

Read About The Merger Continue to MCM's Website