Appendix A. Business Entity Checklist

• Author: Jeffrey Robert Matsen
• Profession: Founder and managing partner of Matsen Voorhees Mintz LLP
• Pages: 85-86

85

APPENDIX

A

Business Entity Checklist

1. Identify each of the principals. For each, gather the following information:

•Name

•Address

•Telephone number

•Social Security Number

•Relationship to other principals, if any

2. For each principal, obtain the following data:

•Name

•Net worth

•Income from sources outside the venture in question

•Anticipated salary or other compensation to be paid from business

•Anticipated fringe benefits from business

3. Obtain the following data with respect to the business itself:

•Description of business

•Management of business

•Significant risk of operation of business

•Any particular licensing requirements

•Location