BFinhealth

Business Financial Planning Health Check

Name and Surname

Position

Email address

Business Name

Contact number

Date of Birth

1. What would happen to your business if the Key Person is no longer there?

The business would close doors

The business would not close its doors, but continuity may be disturbed

I do not know what would happen to the business

I need assistance to ensure business continuity for my business

2. Do you have partners / shareholders / members in the business or are you the only shareholder or member in your private company or close corporation? If you have partners, what would happen to their interest (partnership, shareholding, members) in the event of death of partner / shareholder / member?

The remaining partners / shareholders / members would buy held interest and give the same to beneficiaries

The remaining partners / shareholders / members would not be in a position to buy the held interest resulting in beneficiaries not getting anything from the business.

I do not know what would happen to the held interest

I need assistance to put a plan in place where a partner / shareholder / member interest would be paid to his / her beneficiaries

There is just one owner

3. Are you, on a monthly basis, putting money aside for rainy days / savings / growth in your business?

I am putting money aside on a monthly basis

I only put money aside when there is surplus in any given month

I do not put money away at all

I need assistance with saving or investing money in my business for a specific purpose

4. If you are putting money aside, where do you save or invest your money

I save or invest money with a bank

I save or invest money with a financial institution other than a bank

I use another method or none of the above

I am ready to learn about alternative saving and investment methods

5. What would happen to your employees’ beneficiaries in the event of death of your employee?

They will get a funeral benefit payout

They will either get a funeral benefit or life benefit payout or both

None of the above

I need assistance putting a funeral benefit in place for myself and / or my employees

6. What happens to your employees in the event of resignation or retirement?

They will get an in-house pension or provident fund payout

They will get an umbrella pension or provident fund payout

None of the above

I need assistance putting a pension benefit in place for myself and / or my employees

7. Is there a plan in place for business continuity in your business in the event that partners / shareholders / members cannot carry on with the business?

There is a business continuity plan in place

There is no business continuity plan in place

I do not know if there is business continuity plan in place or not

I need assistance putting a business continuity plan in place

8. Do you want to immortalize your business, sell or close your business when partners / shareholders / members can no longer carry on with the business?

I would want to immortalize the business

I would want to sell the business

I would want to close the business

I need assistance putting a buy-and-sell agreement in place

9. How many employees, including yourself, do you have in your business?

5 or less

Between 6 and 15

16 and more

I did not know that the number of employees influence the type of benefits my business qualify for

10. Do you have the latest comparative set of financial statements for your business?

I do have a set of financial statements

I do not have a set of financial statements

I only have management accounts

I need to learn more about the types of accounts that can assist me to make informed decisions

Comments / requests

Business Financial Planning Health Check

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