How to Spin Off a New Consulting Firm


Presentation Date:
Thursday, October 18, 2012

Exam for Continuing Education Units

1 AIA CES accredited LU available for attendees

You must get 8 of 10 questions correct to pass the exam. You may retake the exam if necessary. You will be notified whether you passed or failed automatically after taking the exam. Upon passing the exam, you will be able to download the completion certificate immediately.


Exam

Full Name *

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AIA Registration Number (optional)


Question 1 *

Select the pair of entrepreneurial objectives that are often in conflict with one another from the following list:

Altruism and Variety
Positioning and Power/Influence
Financial Gain and Autonomy
Managing People and Variety

Question 2 *

Regardless of gender and age, what motivation do entrepreneurs rank highest?

Power and Influence
Intellectual Challenge
Altruism
Autonomy

Question 3 *

True or False: A “spin off” is completely separate (financially and legally) from its pre-existing corporate entities.

True
False

Question 4 *

True or False: The “spin off” process is typically length to conclude (more than 6 months).

True
False

Question 5 *

Which of the following is not a critical component of a successfully business plan in the context of a “spin off”?

Definition of Ownership Structure
A Detailed Pro-forma
Competitor/Partner Landscape Review
Revenue Model

Question 6 *

True or False: A “Principal” has the same corporate authority as a “Partner.”

True
False

Question 7 *

True or False: Non-compete agreements can be successfully challenged legally.

True
False

Question 8 *

True or False: When contemplating a start-up or spin-off you should seek guidance from experienced professionals outside of your current company.

True
False

Question 9 *

True or False: Non-compete agreements often restrict the spin-off’s management from hiring individuals from their firm of origination.

True
False

Question 10 *

True or False: A down economy is not a good time to start your own company.

True
False

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