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Family Business Scorecard


Does the company have several partners, investors, or other stockholders in the company?Yes No 
Is stock ownership concentrated in those family members who are actively involved in the company?Yes No 
Are there conflicts between these partners, investors or stockholders?Yes No 
Is the buy-sell agreement up to date?Yes No 
Is it reviewed annually?Yes No 
Is it fully funded?Yes No 
Do those who will be affected by it understand it?Yes No 
Is there stock transfer policy in the event of death or voluntary termination?Yes No 
Are there immediate relatives working within the company?Yes No 
Has the employment of any relative caused problems or friction among any employees?Yes No 
Is it difficult to retain non-family managers as a result of employing relatives?Yes No 
Is there rivalry among family members as a result of this employment?Yes No 
Are there compensation problems among siblings/relatives?Yes No 
Are there any unresolved conflicts deep enough to prevent the family members from resolving business issues?Yes No 
Is there a plan or intent for entrepreneurial and/or management education for your children in the business?Yes No 
Does each individual family member employee have a growth plan to prepare him/her systematically for their future responsibilities?Yes No 
Do you evaluate objectively the performance of family members who work in the business at least once a year?Yes No 
Have you decided when you want to leave your business? Yes No 
Have you decided how you want to leave your business?Yes No 
Have you decided what amount of cash or annual cash flow you will need when you exit?Yes No 
Have you decided to whom you want to transfer your business? Yes No 
Based on future cash flow, do you know how much your business is worth today?Yes No 
Do all owners agree on this valuation?Yes No 
Is the valuation revisited annually? Yes No 
Do you have a plan for your business if the unexpected happens to you?Yes No 
Have you taken steps to protect your family’s wealth?Yes No 
Does your business plan work and is it updated regularly?Yes No 
Does the family meet together regularly to learn about the business and to develop policies which impact family members?Yes No 
Do you have a competent board of advisors who meet regularly and offer thoughtful and candid advice about your company?Yes No 
Are members of each generation allowed to contribute their ideas about the business and are they treated with respect? Yes No 
Does your family enjoy holidays and other gatherings without focusing on business?Yes No 



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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