Bardwell's Top 25 Legal Issues Audit

1. Business license on file in all jurisdictions in which doing business
2. Proper and best legal form of doing business and yearly compliance
3. Federal/State/Local tax compliance
4. Multi-jurisdictional tax compliance
5. Insurance policies - liability and umbrella
6. Worker's compensation
7. Health insurance
8. Contracts with employees
9. Contracts with partners
10. Contracts with suppliers/vendors
11. Office/Warehouse/Other property lease contracts
12. Equipment lease contracts
13. Current licenses and/or compliance records for specialty workers
14. Government regulations posted on site for OSHA/ABC/etc.
15. IP property is recognized and registered
16. Pensions/Disability/Other benefits
17. Arbitration clause and collections policy stated on all contracts
18. "As-is"/Warranties/Guarantees etc. clearly stated on all sales invoices
19. Facilities accessible to handicapped
20. Facilities in good repair/No dangerous conditions
21. Calendar of dates for all required tax filings and other compliance filings
22. Bank accounts and financial data up to date
23. Partnership/Key person insurance
24. Disposition of business assets written plan exists in the event of emergency or death
25. Up to date will on file with attorney (with accurate description of directions for disposition of business)

Business Plan Outline

Executive Summary

I. The Company
     A. Background
     B. Current Status
     C. Future Plans

II. The Industry
     A. Chief Characteristics    
     B. The Participants
     C. Trends

III. Product/Service
     A. Description of Product/Service
     B. Proprietary Features
     C. Future Development Plans
     D. Product Liabilities

IV. Technology: Research and Development
     A. Concept Development
     B. Research, Testing, and Evaluation
     C. Milestones
     D. Current Status

V. Market Analysis
     A. Target Market and Characteristics
     B. Current Market
     C. Market Trends, and Growth Potential

VI. Competitive Analysis
     A. Competitors Profile
     B. Product/Service Comparisons
     C. Market Niche and Share
     D. Comparison of Strengths and Weaknesses

VII. Marketing Strategy
     A. Market Penetration Goals
     B. Pricing and Packaging
     C. Sales and Distribution
     D. Service and Warranty Policies
     E. Advertising, Public Relations, and Promotions

VIII. Resources Required
     A. Operations
     B. Facilities and Equipment
     C. Organizational Plan
     D. Human Resources

IX. Management and Ownership
     A. Management
     B. Board of Directors
     C. Ownership
     D. Professional Support

X. Critical Risks and Problems

XI. Financial Data and Projections
     A. Funding Needs
     B. Terms of Investment
     C. Financial Projections
     D. Assumptions

XII. Supporting Documentation