SOCIAL SCIENCES, BUSINESS STUDIES
EPI Exit Planning Institute
CEPA Certified Exit Planning Advisor Certification
Exam
Course Title and Number: CEPA Exit Planning Advisor
Certification
Exam Title: CEPA Certification Exam
Exam Date: Exam 2025- 2026
Instructor: ____ [Insert Instructor’s Name] _______
Student Name: ___ [Insert Student’s Name] _____
Student ID: ____ [Insert Student ID] _____________
Examination
Time: - ____ Hours: ___ Minutes
Instructions:
1. Read each question carefully.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
5. Please answer each question below and click Submit when you have completed
the Exam.
6. This test has a time limit, The test will save and submit automatically when the
time expires
7. This is Exam which will assess your knowledge on the course Learning
Resources.
Good Luck……...!
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CEPA Certified Exit Advisor Certification Exam
Comprehensive Review Questions and Answers | 100%
Pass Guaranteed | Graded A+ |
2025- 2026
EPI Exit Planning Institute
CEPA Certified Exit Planning Advisor Certification Exam
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
There are __________________ and _____________________ buyers. -
=Answer>> financial, strategic
Good intermediaries create ________________________ to help
increase the potential selling price. - =Answer>> competition
There isn't a hard and fast rule for how long
__________________________. They should expect ______________ in
the current market environment. __________________ is taking
longer. - =Answer>> a deal takes to close, 12 months, due
diligence
Understand the expectations for terms on what seller wants at
___________________________________. - =Answer>> the beginning
Don't put a price out for your business, you never offer over
___________________ on a car. You want to run _________________
whenever possible. - =Answer>> sticker price, an auction process
As multiples go up, buyers have to become more
________________________. - =Answer>> sophisticated
When you get to the LOI stage, you will need
_______________________ involved. - =Answer>> legal counsel
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The closing table is for ______________________, not
_____________________. - =Answer>> signing closing documents,
negotiation
As of 2016, ____% of all private sector employees own company
stock. - =Answer>> 36
____________ ESOPs, _______ million employees, $______ in
company stock. - =Answer>> 6,624, 14.2, $1.4T
ESOP plan repays the loan used to acquire the stock with future
plan contributions - =Answer>>
ESOP Plan typically acquires Company stock using
________________________________. - =Answer>> borrowed funds
ESOPs are ___________ retirements plans (unique plan document
is drafted - less ________________________ than for 401k plans) -
=Answer>> ERISA, prototyping
For a minority interest ESOP, minority interests are typically
released over a ____________ year period. - =Answer>> 10
ESOP shares are allocated as ____________________ of income. -
=Answer>> a percentage
There is a _____% trigger for 1042 deferral for the owner. -
=Answer>> 30
_________________________ ESOP's do not pay federal income
taxes for the portion of their stock owned by the ESOP -
=Answer>> S-Corporation
For_____________, They are only taxed when participants take
distribution upon death, disability, retirement, etc. - =Answer>> S
Corp
1042 rollover benefit available to seller of ___-Corporation stock
only. - =Answer>> C
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For ________, Seller must have held stock for three years &
Qualifying Replacement Property (QRP) within one year. QRP: -
=Answer>> 1042, Stocks and Bonds of U.S. operating companies
as defined by §1042
Seller who makes 1042 election, and their family members,
cannot receive ESOP stock allocations like other employees -
=Answer>>
Employees can 'rollover' ESOP payments to IRA - =Answer>>
Annual Contributions to ESOP create a tax deduction -
=Answer>>
ESOP participants have approximately ____. times as much in
their accounts as participants in comparable non-ESOP
companies with Defined Contribution plans - =Answer>> 2.2
For an ESOP, avoid potential ___________________ during
economic downturns. - =Answer>> loss of jobs
"Put right" on ESOP shares ("Liquidity" for their stock) -
=Answer>>
Disadvantage of and lack of premium purchase price offered by
strategic buyer for an ESOP can only pay Fair Market Value -
=Answer>>
Owners may not get 100% "cash out" at closing. Even with
bank borrowing, a 100% sale will require taking back a "seller
note"
for a portion of the sale price. - =Answer>>
Repurchase Obligation post-formation must be planned for by
the Company. - =Answer>> NEED TO FIX: ESOP must honor the
employee put.
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EPI Exit Planning Institute
CEPA Certified Exit Planning Advisor Certification
Exam
Course Title and Number: CEPA Exit Planning Advisor
Certification
Exam Title: CEPA Certification Exam
Exam Date: Exam 2025- 2026
Instructor: ____ [Insert Instructor’s Name] _______
Student Name: ___ [Insert Student’s Name] _____
Student ID: ____ [Insert Student ID] _____________
Examination
Time: - ____ Hours: ___ Minutes
Instructions:
1. Read each question carefully.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
5. Please answer each question below and click Submit when you have completed
the Exam.
6. This test has a time limit, The test will save and submit automatically when the
time expires
7. This is Exam which will assess your knowledge on the course Learning
Resources.
Good Luck……...!
, For Inquiries🤔 about This or 📑Any Other Exam
📱Hit Me UP__ Inbox Open 24/7 – 365 …...!!!!
💬 Chat with us here: 📧
Ctrl + Click Here To ✅ORDER NOW ✅ Follow Link
✅ ORDER NOW ✅ 🎓 TO GET INSTANT EXPERT HELP 🎓 ✅ ORDER NOW ✅
CEPA Certified Exit Advisor Certification Exam
Comprehensive Review Questions and Answers | 100%
Pass Guaranteed | Graded A+ |
2025- 2026
EPI Exit Planning Institute
CEPA Certified Exit Planning Advisor Certification Exam
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
There are __________________ and _____________________ buyers. -
=Answer>> financial, strategic
Good intermediaries create ________________________ to help
increase the potential selling price. - =Answer>> competition
There isn't a hard and fast rule for how long
__________________________. They should expect ______________ in
the current market environment. __________________ is taking
longer. - =Answer>> a deal takes to close, 12 months, due
diligence
Understand the expectations for terms on what seller wants at
___________________________________. - =Answer>> the beginning
Don't put a price out for your business, you never offer over
___________________ on a car. You want to run _________________
whenever possible. - =Answer>> sticker price, an auction process
As multiples go up, buyers have to become more
________________________. - =Answer>> sophisticated
When you get to the LOI stage, you will need
_______________________ involved. - =Answer>> legal counsel
Need Writing 📝Help? We've Got You Covered! ✍️
100% NO A I or Plagiarism Guaranteed🎯
💬 Chat with us here: 📧
, For Inquiries🤔 about This or 📑Any Other Exam
📱Hit Me UP__ Inbox Open 24/7 – 365 …...!!!!
💬 Chat with us here: 📧
The closing table is for ______________________, not
_____________________. - =Answer>> signing closing documents,
negotiation
As of 2016, ____% of all private sector employees own company
stock. - =Answer>> 36
____________ ESOPs, _______ million employees, $______ in
company stock. - =Answer>> 6,624, 14.2, $1.4T
ESOP plan repays the loan used to acquire the stock with future
plan contributions - =Answer>>
ESOP Plan typically acquires Company stock using
________________________________. - =Answer>> borrowed funds
ESOPs are ___________ retirements plans (unique plan document
is drafted - less ________________________ than for 401k plans) -
=Answer>> ERISA, prototyping
For a minority interest ESOP, minority interests are typically
released over a ____________ year period. - =Answer>> 10
ESOP shares are allocated as ____________________ of income. -
=Answer>> a percentage
There is a _____% trigger for 1042 deferral for the owner. -
=Answer>> 30
_________________________ ESOP's do not pay federal income
taxes for the portion of their stock owned by the ESOP -
=Answer>> S-Corporation
For_____________, They are only taxed when participants take
distribution upon death, disability, retirement, etc. - =Answer>> S
Corp
1042 rollover benefit available to seller of ___-Corporation stock
only. - =Answer>> C
Need Writing 📝Help? We've Got You Covered! ✍️
100% NO A I or Plagiarism Guaranteed🎯
💬 Chat with us here: 📧
, For Inquiries🤔 about This or 📑Any Other Exam
📱Hit Me UP__ Inbox Open 24/7 – 365 …...!!!!
💬 Chat with us here: 📧
For ________, Seller must have held stock for three years &
Qualifying Replacement Property (QRP) within one year. QRP: -
=Answer>> 1042, Stocks and Bonds of U.S. operating companies
as defined by §1042
Seller who makes 1042 election, and their family members,
cannot receive ESOP stock allocations like other employees -
=Answer>>
Employees can 'rollover' ESOP payments to IRA - =Answer>>
Annual Contributions to ESOP create a tax deduction -
=Answer>>
ESOP participants have approximately ____. times as much in
their accounts as participants in comparable non-ESOP
companies with Defined Contribution plans - =Answer>> 2.2
For an ESOP, avoid potential ___________________ during
economic downturns. - =Answer>> loss of jobs
"Put right" on ESOP shares ("Liquidity" for their stock) -
=Answer>>
Disadvantage of and lack of premium purchase price offered by
strategic buyer for an ESOP can only pay Fair Market Value -
=Answer>>
Owners may not get 100% "cash out" at closing. Even with
bank borrowing, a 100% sale will require taking back a "seller
note"
for a portion of the sale price. - =Answer>>
Repurchase Obligation post-formation must be planned for by
the Company. - =Answer>> NEED TO FIX: ESOP must honor the
employee put.
Need Writing 📝Help? We've Got You Covered! ✍️
100% NO A I or Plagiarism Guaranteed🎯
💬 Chat with us here: 📧
