Bookkeeping and Accounting Setup
Assess whether your new business has a bookkeeping system, chart of accounts, and process to keep clean records from the start.
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For founders, new owners, and anyone starting out
Operating Agreement and Bylaws Readiness
Assess whether your ownership, management, and decision rules are documented in an operating agreement or bylaws, and what to prepare with counsel.
4 guided steps
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Your free guided checker
Answer a few quick questions below. It is private - nothing is submitted or stored - and takes about a minute.
Informational business-formation diagnostic only; not legal, tax, accounting, or investment advice. Confirm entity, tax, and state decisions with a qualified attorney and CPA.
The questions this tool walks you through
Here is what the checker asks and why each step matters. Prefer to talk it through? Contact us and we will help directly.
Is your entity a corporation - an Inc. or a C-corp or S-corp - rather than an LLC?
Corporations are governed by bylaws and board formalities, while LLCs are governed by an operating agreement; the right document depends on which you formed.
Adopt bylaws, a stockholder agreement, and basic board formalities for the corporation.
Official guidance: SBA launch your business
Do you plan to raise money from outside investors, or grant equity to employees or advisors, in the foreseeable future?
Investors and option grants require governance that anticipates financing rounds, vesting, and preferred terms - beyond a standard small-business agreement.
Draft investor-ready agreements that anticipate financing rounds and vesting.
Official guidance: SBA launch your business
Will the LLC have more than one owner?
A multi-owner LLC needs written rules for voting, distributions, deadlocks, and how an owner can buy in or exit; without them, state default rules control.
Put a simple single-member operating agreement in place to reinforce the liability shield.
Official guidance: SBA launch your business
Do the owners contribute unequally - different cash, property, or amounts of work - or hold different roles and decision rights?
Uneven contributions or split roles are exactly where disputes start; the agreement should allocate profits, control, and buy-sell terms to match reality, not just ownership percentages.
Draft a full multi-owner operating agreement with buy-sell and tailored allocations now. Adopt a standard equal-partner operating agreement with buy-sell and deadlock terms.
Official guidance: SBA launch your business
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