Legal Assessment

Do you have bylaws and/or an operating agreement for your entity?

Has your business ever been under investigation or audit by a government agency? If so, what agency. What were the results? If not, put n/a in the box below.

Does your business have any liens against it? If so, what are they for? What amounts? If the answer is no, put n/a in the box below.

Do you have regular meetings of the board of directors and shareholders?

Have you ever received a fine from OSHA?

Do you properly shred confidential materials connected to your business?

Do you use affidavits in your business?

Do you properly dispose of computer/electronic parts/copiers?

Do you allow your associates to do “sidework?”

Do you or your associates take company equipment or a company vehicle home?

Do you have any patents, trademarks, copyrights, or registered tradenames?

Have your contracts been reviewed by an attorney?

If I had to comply with every single law I couldn’t survive.

I would rather involve my attorney than learn the rules myself.

I would rather ask for forgiveness than permission.

Everyone cheats a little in my industry.

We have special procedures in place for sensitive and confidential information.

Do you have exclusive rights to market your product/service? If so, how was your exclusivity obtained. If not, put “N/A” in the field.

How do you get information about government regulations surrounding your business?

Do you have a policies and procedures manual?

There is a corporate record book for my business.