- small business checklist for business owners - legal checklist
- trademark basics
- copyright basics
- tips for starting a new business
- choosing your business name
- good standing
- qualification to do business
- noncompete agreement
- end of year checklist
End of Year Checklist
It is well worth the effort to develop and complete a year-end checklist. This will help you save money and better manage your business.
- Do a budget review. The whole purpose of preparing a budget at the beginning of the year is to compare it to your actual performance. What did you do right? Where are your opportunities to improve? The power of the budget is in the analysis.
- Employee Review If you have employees, remember they value feedback. The end of the year is a great time to review their performance and discuss opportunities for individual growth, as well as set new goals. Make sure the goals you set are measurable. Never forget that employees can be your company’s most valuable asset.
- Companies no Longer in Use If you have a business you would like to wind down, there are several important steps to limit your liability for lawsuits and government fees. You need to dissolve your entity with the secretary of state or the corporations division in your state by filing a form or two. By dissolving your entity, you ensure that you are no longer liable for paying annual fees, filing annual reports, and paying business taxes. If you don’t dissolve your corporation or LLC, you could be looking at thousands of dollars in accumulated fees and penalties after a few years. Please call me if you would like to discuss how to dissolve.
- Set goals for next year. Take some time to focus on what you would like to accomplish in 2015 and write down some measurable goals.