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Business Legal Life Cycle Test

by Martin Mills | Jul 20, 2017 | Uncategorized

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Business Legal Lifecycle Score Card

Step 1 of 11

9%

This test is for existing business owners.*
- Yes
- No
How long have you been in business ?*
Years Months
Are you thinking of selling in the next 2 years ?*
- Yes
- No

Do you have a team of consultants & advisers who advise you ?*
- Yes
- No
Have you set goals for your business ?*
- Yes
- No
Have you chosen a name for your business ?*
- Yes
- No

What structure do you operate your business through ?*
- I haven’t set one up yet
- Sole Operator
- Partnership
- Company
- Trust
Do you rent premises for your business to operate ?*
- Yes
- No
If yes do you have a lease ?*
- Yes
- No
Are you operating your business through a franchise granted by another business?*
- Yes
- No
Do you have business insurance in place ?*
- Yes
- No

Does a separate entity hold your intellectual property ?*
- Yes
- No
Have you registered your business trademark?*
- Yes
- No
Do you have “how to guides” or manuals for working in your business?*
- Yes
- No

Will your business have one client / government body or multiple clients ?*
- One
- Multiple
Do you enter into an agreement with your clients before engaging your services or buying products from you?*
- Yes
- No
If you sell products for cash then answer yes to this question
Do you have a standard tax invoice that you use in your business?*
- Yes
- No
Do you have a documented debt collection process ?*
- Yes
- No

Have you set up a business succession plans ?*
- Yes
- No
Do you have a will ?*
- Yes
- No
Do you have any personal insurances in place ?*
- Yes
- No
Do you have a power of attorney ?*
- Yes
- No
Do you have any investment properties ?*
- Yes
- No

Do you have employees or contractors ?*
- No Staff
- I don’t intend to bring on employees
- Employees
- Contractors
How many employees / contractors do you have working for you not including business owners ?*
- 0
- 1-5
- 6-10
- 11-50
- 51-100
- 100+
Do you have proper contracts for your staff ?*
- Yes
- No
Do you have workplace policies for your staff ?*
- Yes
- No

Are you and your employees working at peak capacity ?*
- Yes
- No
Do you have any investors in your business ?*
- Yes
- No
If no do you intend to bring investors ?*
- Yes
- No

Do you intend to expand in the future ?*
- Yes
- No
Do you intend to set up a franchise model for your business?*
- Yes
- No
Do you intend to licence your intellectual property to a third party business ?*
- Yes
- No
Do you intend to buy an existing business ?*
- Yes
- No
Have you already done any of the above ?*
- Yes
- No

Business Name*
What Industry?*
Annual Turnover ?*
- <100k
- 101k - 500k
- 501k - 1million
- 1million - 5 million
- 5 million plus
Your Name*
First Last
Your Email Address*
Where do you think that you are in the Business Legal Lifecycle ?*
if you are unsure select I have no idea
Your Postal Code*

Final Submit
This is last Chance to navigate back. Once you submited you can not navigate back.

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