BUSINESS SEPARATION READINESS ASSESSMENT

Before the next conversation

A focused screen for a consequential business decision.

A business separation is both an ownership event and an operating-business transition. This assessment helps identify the issues that may affect the structure, negotiation, documentation, and timing of a founder, partner, shareholder, or LLC-member separation. It focuses on seven practical assessment issues before you speak with an attorney:

• →Ownership and governance documentsReview the governing documents, ownership records, management rights, and transfer provisions that frame the separation.
• →Valuation and economic termsIdentify the purchase price, valuation method, payment timing, security, debt, guarantees, and accounting questions.
• →Control and decision authoritySurface deadlock, access, voting, management, records, and authority issues affecting the business while terms are resolved.
• →Separation and transition termsConsider resignations, intellectual property, customers, employees, digital assets, confidentiality, and continuing obligations.
• →Release and risk allocationIdentify indemnification, restrictive covenant, release, dispute-resolution, and enforcement provisions that may be needed.
• →Business continuityConsider how the operating company can continue serving customers, managing people, and meeting obligations during the transition.
• →Urgency and execution authorityClarify deadlines, contested events, decision-makers, adviser coordination, and the next step required to move forward.