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CEPA Questions & Answers From Study Guide
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CEPA Questions & Answers From Study Guide
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CEPA Questions & Answers From Study GuideWhat percentage of privately held businesses that are offered for sale each
year ultimately do not sell? Right Ans - 80%
According to the Family Firm Institute, what percentage of family transitions
survive into the second generation? Right Ans - 30%
According to EPI's first national State of Owner Readiness Survey, what
percentage of business owners have done no exit planning at all? Right Ans
- 49%
What are the 5 D's Right Ans -
Business owners are leaving dollars on the table because they are not focusing
on what? Right Ans - Enterprise value
The Advisor of the Future needs to get owners and advisors to make several
paradigm shifts for exit planning and value acceleration to work to the benefit
of owners and their families. What is the first paradigm shift that needs to be
made? Right Ans - Exit planning is good business strategy
The "Triggering Event" is delivered in what gate of the Value Acceleration
Methodology? Right Ans - Discover
What is the total timeframe it typically takes to move a business owner
through the full Value Acceleration Methodology process? Right Ans - 3.5
years or more
What is the primary objective for most Irrevocable Trusts or Family Limited
Partnerships? Right Ans - Remove the business (or other asset) and future
appreciation out of the estate
Which of the following is not considered an advantage of Family Limited
Partnership? Right Ans - Assets are contributed at Fair Market Value
Asset protection is a continuum that includes balancing equity, asset, and
jurisdictional changes. Right Ans - True
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