Legal Checkup – Business For each category below, choose one of the options to determine your business’s legal liability. Choose “DNK” if you Do Not Know or “n/a” if the question is not applicable to your business. 1. My company is using a limited liability entity to protect my personal assets (e.g. Corporation, LLC, etc.).Choose OneYesNoDNKNA2. Do you use separate checking accounts for business and personal expenses?Choose OneYesNoDNKNA3. Has your business structure been reviewed or changed since you first started?Choose OneYesNoDNKNA4. Do you have a current and valid Operating Agreement and Articles of Organization (if an LLC) OR Shareholder Agreement, By Laws, and Articles of Incorporation (if a Corporation)?Choose OneYesNoDNKNA5. Is your business operating under multiple names?Choose OneYesNoDNKNA6. Have you collected the appropriate information to ensure the legal status of your employees?Choose OneYesNoDNKNA7. Is your business’ intellectual property (such as business names, trademarks, patents, website contents and your business ideas and processes) properly protected?Choose OneYesNoDNKNA8. Do you have a well drafted non-compete and non-disclosure agreement?Choose OneYesNoDNKNA9. Are your office and equipment leases flexible?Choose OneYesNoDNKNA10. Have you provided ways to void long-term agreements of your leases if there is a change in circumstances?Choose OneYesNoDNKNA11. Are your company’s important agreements set forth in carefully drafted written contracts?Choose OneYesNoDNKNA12. Do you have a system for keeping track of important obligations and notice requirements under your contracts and agreements?Choose OneYesNoDNKNA13. Have you structured your contracts to minimize personal and business exposure to liability?Choose OneYesNoDNKNA14. Do you have protection in your default clauses so you can recover interest, attorney fees, and other expenses if you have to make efforts to collect from a customer?Choose OneYesNoDNKNA15. Does your company undergo periodic legal checkups to ensure compliance with the latest laws and regulations?Choose OneYesNoDNKNA16. Do you have current permits for all your business operations?Choose OneYesNoDNKNA17. Do you know what your company’s environmental obligations are?Choose OneYesNoDNKNA18. As you expand into new states, are you properly registering your business?Choose OneYesNoDNKNA19. As you work in other states, are you paying taxes to the proper local, state, and federal agencies?Choose OneYesNoDNKNA20. Does your business have adequate and appropriate insurance?Choose OneYesNoDNKNA21. Is there current or threatened litigation against your business and is it being properly managed?Choose OneYesNoDNKNA22. Does your business have properly documented strategies to deal with the death, disability or retirement of you and other key personnel?Choose OneYesNoDNKNA23. Does your company have any existing Loan Agreements?Choose OneYesNoDNKNA24. Are your partners related by blood or marriage?Choose OneYesNoDNKNA25. Do you have any expansion or merger plans?Choose OneYesNoDNKNA26. Do you have an established Employee Handbook with clear policies that are followed?Choose OneYesNoDNKNA27. Do you have favorable Employment Agreements between your company and its employees?Choose OneYesNoDNKNA28. Do you keep clear and thorough Corporate Records that are in order and easy to access?Choose OneYesNoDNKNA29. Do you have adequate data security for your computer systems and databases?Choose OneYesNoDNKNA30. Do you have Buy-Sell Agreements that have been reviewed in the last 2 years?Choose OneYesNoDNKNA31. Is the structure of your business effective for taxation and estate planning purposes?Choose OneYesNoDNKNAYour Email Address* This iframe contains the logic required to handle Ajax powered Gravity Forms.