1. Gather your TEAM of professionals (legal, tax, etc.).

2. Joint Venture Agreement (Determine Duties and Responsibilities of Participants)Protect Your Assets.

3. Establish Separate Entity (Personal Asset Protection)

4. Determine Type of Organization (Corp, LLC, etc.) (Avoid Double Taxation)

5. S-Corp Election, if entity qualifies.

6. Bylaws, Shareholder Agreement or Operating Agreement

7. Fed ID Number for Business

8. Banking Issues.

9. Business Certificates

10. Business Licenses and Permits

11. Commercial Lease

12. Employer Posters Required by Law

13. Insurance

14. Register with State for Sales and Use Tax, etc.

15. Establish Payroll System*

16. Trademark notice and registration

17. Copyrights notice and registration

18. Patents

19. Website Compliance (Utilize comprehensive Terms of Use, Privacy Policy, Copyright Infringement Warning, etc.)

20. Agreements (Distributorship Agreement, etc.)

21. Executive Agreement

22. I-9 Forms and Immigration Law Compliance

23. Mergers and Acqusitions

24. Domestic and International Subsidiaries

25. Franchising

26. Exit Strategy

27. Business Sale or "Wrap-Up"

28. Protecting Wealth

Congratulations again; you are on your way!

Please do not hesitate to contact me with any questions or concerns you may have. There is no charge for the telephone consultation.

Click here to schedule a Consultation with Michelle Grenier, an experienced Business Lawyer.

Do not rely solely upon this checklist. Click here to Schedule a Consultation with an Experienced Boston Business Lawyer or Maine Business Lawyer for advice regarding your particular situation.

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