Uncover Hidden Legal Risks in Your Business: Take Our 10-Question Risk Self-Assessment and Get a Snapshot View of Your Corporate Formation, Contracts, HR Matters, Marketing, Real Estate, Insurance Matters and More!
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Question 1 of 10
Are you sure that you have all of the legal documents signed and filed to fully form your company including (1) Certificates of Formation; (2) Company Agreements or Bylaws or Partnership Agreements, (3) Consents of the Governing Authority of your company, and (4) other agreements such as shareholder agreements?
Yes, we used a lawyer.
No, we just filed a form with the Secretary of State.
I think so; we checked the boxes on LegalZoom.
I have no clue.
Question 2 of 10
Do you have written agreements in place between the owners regarding what happens if an owner dies, becomes disabled, gets a divorce or wants out of the business? What about if an owner wants to sell their ownership?
Yes, its in our formation documents.
No, we have talked about it though.
No
There are no other owners.
Question 3 of 10
Is your entity in good standing with the State?
Yes
I have no clue what you are talking about.
You need to ask my accountant.
Question 4 of 10
Do you have written contracts with your customers?
Yes, all of them.
Some of them.
I don't need contracts.
Question 5 of 10
Do you have written contracts with your key vendors and suppliers?
Question 6 of 10
Do you have a Company Handbook that details all of your policies for your business AND do each of your employees acknowledge receipt of the handbook?
Yes, we have a handbook AND every employee acknowledges receipt.
Sort of: We have a handbook but don't get acknowledgements from every employee.
No, we don't have an employee handbook.
What's an employee handbook?
We don't have any employees.
Question 7 of 10
Does your company have in place legal protections to protect your company's intellectual property?
Yes, we have patents, trademarks, and copyrights in place, along with confidentiality agreements with all persons who have access to our information.
Umm, I am not sure.
No, we need to do that.
We don't have anything that is intellectual property; nothing we do is proprietary.
Question 8 of 10
Does your privacy policy for your website meet all of the legal requirements?
I don't know if we have one.
We just used the one that came with the website.
Question 9 of 10
Does your company systematically review and address potential compliance issues?
We don't have any compliance issues.
Question 10 of 10
Does your business currently have a relationship with an attorney?
Yes, the business employs a full-time in-house counsel.
Yes, the business employs outside general counsel for a flat monthly fee.
Yes, the business pays an attorney by the hour when necessary to seek legal advice.
No, the business does not have any sort relationship with an attorney.
I don't know.