Small Business Notes

 
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Exit Checklist


   
Human Resources
  Disputes and employee grievances
  Employee benefit plans: incentive plans, benefits, pensions, deferred salary plans, stock options
  Medical insurance
  Business equipment in employee possession; home offices, business cars, cell telephones
  Termination notices
  Employment contracts and severance arrangements
Finance and Accounting
  Condition and completeness of records
  Deposits outstanding
  Prepaid accounts: insurance, advertising, utilities
  Valuation of assets: intellectual property, work in progress, software, project files, R&D
  Financial planning: capital gains on asset disposition or sale of business
  Bank and investment account(s)
  Loans from financial institutions or individual investors
  List of creditors
  Liens and security interests
  Accounts payable and commissions owed
  Account receivables
  Outstanding tax claims, audit processes, or IRS action
  Cash flow and expenses related to getting out of business
  Business tax planning
  Tax liabilities: local and state business taxes, payroll, industrial insurance, property, corporate income tax
  Audit status
  Stock option conversions
Legal
  Warranties/Guarantees: product, service, contract
  Contacts and agreements: assignment, completion, non-compete, confidentiality, nondisclosure, franchise
  Contingent legal problems: litigation, disputes, judgements
  Strategic alliance agreements and obligations
  Labor union agreements
Operations
  Inventory: material, products, work in progress
  Physical inventory records
  Asset records and list
  Purchase orders outstanding
  Shipments in transit
Facilities
  Financial obligations
  Security
  Insurance
  Modifications to secure plant and buildings
  Lender lease
  Storage of assets and equipment
  OSHA or EPA filings
  Field offices
Administration
  Condition and completeness of company records: charter documents, minutes, stock records
  Documents of title, mortgages, deeds, and security agreements
  Business insurance
  Pensions, deferred compensation plans, benefits
  Professional support. CPA, attorney, PR & advertising, marketing, internet host & publisher
  Registrations, permits, & licenses
  Storage location of corporate records
  Continuation of board of directors
  Termination of business licenses and tax account
Owners
  Dissolution of business entity
  Ownership of intellectual property: trademarks, patents, trade secrets
  Applications in progress: intellectual property, licenses
  Confidentiality
  Stockholders or equity investors
  Estate issues
  Key person insurance
Marketing & Public Relations
  Sales representatives agreements
  Proposals in process of preparation
  Proposals submitted
  Professional, trade, and telephone directory listings
  Public notice of change
  Tradeshow and convention commitments
  Samples, price lists, and marketing materials in the field
  Website

 

Affiliated Websites

125aday
How-to books and business plans for starting a variety of businesses.

Adobe
Creative, video, audio, web design, and print publishing software.

Apple Business Store
Apple computer products - plus the latest accessories and software.

CafePress
Online marketplace of user-created products.

Dell Small Business
Dell computer solutions.

Entrepreneur.com
Business start-up and management guides for starting businesses.

FabJobs
Books, e-books, CDs and hundreds of career articles.

GoDaddy
Domain names, web hosting, website builders, and ecommerce solutions.

Logoworks
Professional corporate identity and logo design.

Microsoft Office Live Small Business
Online business applications.

Newegg.com
High-quality technology and entertainment products at great prices.

Nolo.com
Affordable, plain-English legal books, forms and software.

Palo Alto Software
Software tools for business, marketing, and legal planning. Over 500 sample plans.

QuickBooks
Small business accounting software.

 

 

 

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