Business
Evaluation Checklist: Legal Structure and
Management
Legal Structure
General
- Does present business form afford maximum
protection of owners' personal assets?
- Does present business form minimize tax
liability?
Corporations
- Are all statutory registers, minute books,
and journals up to date?
Contract Law
- Has all external business paperwork
(invoices, orders, etc.) been checked for legal
protection?
Management
Business Plan
- Are plans reviewed on a regular basis?
Organization
- Are overlap tasks, duplication, wasted
motion and unnecessary work eliminated?
- Does current organization maintain maximum
productivity with fewest people at lowest cost?
Communication
- Are staff knowledgeable about their
responsibility and authority on communication?
- Do key staff members effectively delegate?
Time Management
- Are time wasters identified and eliminated?
- Are jobs and tasks reviewed for more
efficient ways to accomplish them?
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