What's Your Endurance Quotient Indicator^™?

At Cornerstone, our passion and mission is to help your family and company endure. We hope this Endurance Quotient Indicator^™ assessment is helpful to you as you review the stories of success we present on our website.

We are very passionate about helping you and your business.

Personal and business goals
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Personal and shared business goals have been established and have been updated to current circumstances Personal and shared business goals have not been established, or are not current

Profitability and financial soundness
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Company is both strongly profitable and financially sound Company has a good level of profitability, but has some financial stresses such as stress related to capitalization and/or risk Company has low profits and/or is financially distressed in terms of capitalization and/or risk

Business strategy
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Business plans are formalized and updated via a recurring process, with a relevant time horizon (e.g. 3-5 years) Business plans are in place, but they have not been adapted to changing business circumstances No business plan or process is in place

Control
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There is a plan for the voting stock in the event of an untimely death of a majority shareholder, and there are Shareholder agreements in place which have been reviewed to ensure the disposition of stock is compliant with agreements and individual shareholder plans (1) I have no plan for the voting stock in the event of an untimely death of a majority shareholder or (2) the business passes to my spouse under my will or (3) there are agreements in place which are not current

Asset protection planning
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Comprehensive asset protection planning has been considered and implemented using relevant techniques - including (Irrevocable Trusts, LLCs and/or partnerships) and Trust jurisdiction has been considered Asset protection planning has been considered and begun, but has not been fully completed and integrated consistent with your goals, or jurisdiction of Trusts has not been considered All assets are titled in individual or joint names of the owner(s). No Trusts, LLC's or partnerships have been utilized to protect wealth and the business from creditors or potential divorces

Estate and personal financial plan Wills & Trusts
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Wills and Trusts and personal financial plans are in place and have been reviewed at least within the last 5 years I have not completed my personal financial plan including applicable wills and trusts

Insurance
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I have projected my liquidity needs and life insurance is in place, coordinated, properly structured, updated and most cost effective to cover family, estate tax, and company needs I have not projected the liquidity needed at my death, and I have little to no life insurance

Valuation
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A recent valuation has been conducted, and there is a plan in place to take advantage of applicable discounts (e.g. lack of marketability and lack of control) for estate tax planning purposes There is no current valuation, or the company valuation is based on full fair market value, that is applicable discounts have not been considered

Gifting and/or Charitable Planning
Choose Which Best Fits Your Situation

Various estate tax saving strategies (e.g. IDGTs, CLT, CRT) have been considered and/or implemented to minimize estate taxes In spite of my desires to do so, no gifting or charitable planning program has been considered and/or implemented as part of my estate tax plan

Flexibility
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My plan can be easily changed to reflect changes in tax-law and new objectives My plan cannot be easily changed, or I don't know if my plan can be easily changed

Succession plan
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Succession plans are in place for each key position within the company from both a contingent and a developmental perspective, and satisfactory implementation progress is being made Succession plans are in place for each key position within the company on both contingent and a developmental basis, but satisfactory implementation progress is not being made Proper succession planning has not taken place for each key position

Communication and awareness
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My estate and business plans have been effectively communicated to all necessary parties My estate and business plans have not been effectively communicated to all necessary parties

Exit strategy
Choose Which Best Fits Your Situation

My plans to exit the business have been constructed and are being implemented, as have my personal plans to sustain meaning in my life post exit from the business I have not developed a strategy to exit the business or my personal plans are incomplete

If you want to talk about your EQ Indicator™ results or find out how to improve your Endurance Quotient, reach out to our team at Cornerstone. It all starts with a phone call or an email: 610-437-1375 or [email protected]. We will not contact you otherwise.

What's Your Endurance Quotient Indicator™?

What's Your Endurance Quotient Indicator^™?