Business Succession Health Check

Business Succession & Legacy Planning

Confidential Assessment for SME Business Owners

Section A – Business Profile

Company Name

Business Owner

Email Address

Industry

Years in Business

Number of Employees

Section B – Key Assets

Please indicate key business assets:

Business Continuity

Has your successor been formally identified?

Yes No

Is there a documented Business Continuity Plan (BCP)?

Yes No

Can the business continue operating without your daily involvement for at least 6 months (Key management independent)?

Yes No

Are emergency authorities and banking signatories formally documented?

Yes No

Are critical business passwords and key records securely documented?

Yes No

Ownership & Governance

Is there a Shareholders' Agreement in place?

Yes No

Is the shareholding structure clearly documented?

Yes No

Have you considered a Buy-Sell or Exit Agreement?

Yes No

Is the board or management succession plan documented?

Yes No

Estate & Legacy Planning

Do you currently have a valid Will?

Yes No

Have you reviewed your estate plan in the last 3 years?

Yes No

Have you discussed trust planning with a licensed trustee?

Yes No

Does your family understand your business succession intentions?

Yes No

Financial Resilience

Do you have Key Person Insurance in place?

Yes No

Have business loan protection arrangements been reviewed?

Yes No

Do you maintain an emergency operating cash reserve?

Yes No

Do banking arrangements support continuity if something happens to you?

Yes No

Professional Advisory Team

Do you work with a Lawyer?

Yes, this applies to me

Do you work with an Accountant?

Yes, this applies to me

Do you work with a Tax Adviser?

Yes, this applies to me

Do you work with a Company Secretary?

Yes, this applies to me

Do you work with a Licensed Trustee / Succession Adviser?

Yes, this applies to me

Section H – Your Main Concerns

What concerns you most about the future of your business and wealth?

Business continuity Protecting family wealth Fair distribution among children Business succession Tax implications Family disputes Protecting vulnerable beneficiaries