1. Is your business registered as either a Corporation or LLC?



2. Does your business have a signed bylaws
or operating agreement?



3. Do you keep your personal funds separate from
your business account?



4. When you sign on behalf of your business, do you include
your company name and title?



5. Have you consulted with an insurance agent on the
various insurances that may be required in your business?
And do you have them?



6. Do you have an employee handbook that addresses human
resource issues such as sick days, vacation, harassment
policies, etc.?



7. (If you have independent contractors) Do you have an
independent contractor agreement?



8. Do you have confidentiality agreements, non-competes
and non disclosure agreements to protect your
company trade secrets?



9. Have you filed and paid for all of your city, county,
state and federal taxes?



10. Have you stayed clear of lawsuits?



11. Do you insist on formal contracts instead of the old
“handshake” agreement?



12. Do you have all licenses required to legally operate your
business, and are they current and up to date?



13. Are you current with all debt payments tied to your business
(lines of credit, credit cards, promissory notes, etc)?



14. Are you current on your lease or mortgage payments?



15. If you have partners, do you have a partnership agreement
or other agreement that clearly identifies everyone's
percentage of ownership, roles and
responsibilities in the business?



16. Do you have a written business plan?



17. If you have a written business plan, do you periodically
refer to it and revise it based on changes to the business?



18. Do you have a buy/sell agreement to solidify the procedures
that will take place in the case of either the personal decision
of one partner to buy/sell portions of the business, or a death
among the partners?



19. Do you have a team of professional advisors (business attorney,
accountant, banker, insurance agent, business coach)
at your disposal?



20. Are your company's financial matters reviewed on a daily, weekly,
monthly and annual basis by either by you, a book keeper
or an accountant?