Legal Audit for Small Business Owners

The legal audit is an important, proactive first step to reducing or eliminating certain risk factors that may confront a small business owner. This diagnostic review of your business can help make sure its plans and objectives are consistent with current statutes and regulations. The process may uncover problem areas, minimize risk and offer legal solutions to help your company achieve short and long term business objectives.

Answer the questions below to reveal potential problems:

Yes	No	Don’t Know	Business Issues
			Are your corporate or limited liability company minutes up-to-date?
			Are corporate, state, county and city fees and licenses paid?
			Are purchase orders, invoices and other business forms regularly updated?
			Are company policies and legal notices properly displayed?
			Have you considered a succession plan for your business?
			Does your estate plan provide protection for personal and business assets?
			Have you merged with or acquired another business in the past 2 years?
			Does your business lease space or other equipment?
			Does your business have employment and independent contractor agreements?
Yes	No	Don’t Know	Employment Issues
			Do your employees sign confidentiality agreements?
			Do you maintain a secure record of all electronic communications?
			Are employee records properly maintained?
			Do you have written policies that restrict electronic communication and inform employees that their emails may not be confidential?
Yes	No	Don’t Know	Intellectual Property / Website Issues
			Do you collect customer information through your website?
			Do you have a legal policy on your website?
			Do customers buy products or services through your website?
			Does your website have a secured area?
			Do you use specially designed software to run your business or website?

Consider legal counsel to avoid risks associated with growing your business.

Questions? Contact Frank G. Goldman at

678-705-8483

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Last Updated on Thursday, 22 July 2010 18:17