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CEPA Exam: Questions With Complete A+ Solutions
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CEPA Exam: Questions With Complete A+ Solutions
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CEPA Exam: Questions With Complete A+ SolutionsOne year after selling ___ business owners regretted the decision Right Ans
- 3/4
Business put on market that do not sell (%) Right Ans - 70-80
% of family business that survive into the 2nd generation Right Ans - 30%
% not familiar with all exit options Right Ans - 66%
% with No formal advisory team Right Ans - 78%
% with no written transition plan Right Ans - 83
% that have done no planning at all Right Ans - 49
% with no formal life after plan Right Ans - 93
Baby boomers own __% of private businesses in US Right Ans - 63%
% of business owners planning to transition over the next 10 years Right
Ans - 76% - $4.5million businesses and $10 trillion in wealth
What is exit planning (Richard Jackim) Right Ans - asks and answers all
business, personal, financial, legal and tax questions involced in transitioning
a private business including contingicies for illness, burnout, divorce and
death
Purpose of exit planning Right Ans - maximize the value of the business at
the time of exit, minimize taxes and ensure the owner is able to accomplish all
of his personal and financial goals
50% of exits are caused by the 5 D's. What are they? Right Ans - Death
Disability
Divorce
Distress
Disagreement
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