Do you need a compliance checklist for your business? Regulatory compliance is required in every business and it is important for an organization to be aware of the risks it faces by failure to comply with regulations.
The following compliance checklist will help you determine if your company is sufficiently legally protected in different areas of business concerns. For more information or clarification speak to a lawyer
Compliance Checklist -Contracts
yes no Are all of the company’s important agreements in writing?
yes no Are there good form contracts in place?
yes no Do the contracts provide for disputes to be resolved in courts in the city where the company’s principal office is located?
yes no Are all important clauses covered in the contract? Get a contract lawyer to draft or review your agreements
yes no Does the contract say that amendments to the contract may only be made in writing?
yes no Are there provisions in the company’s standard form contracts regarding limiting the company’s liability?
yes no Is the company complying with the terms of its contracts and leases?
Compliance Checklist- Government Filings
yes no Has the company obtained its Tax Identification number?
yes no Have any required local and state licenses and permits been obtained?
yes no Has the company qualified to do business in all states it is required to?
yes no Have all annual information statements and post incorporation fillings been made to the relevant authority.
Contact us here for your post incorporation and tax filings
Compliance Checklist- Intellectual Property Protection
yes no Have trademark and copyright registrations been obtained for company products and services?
yes no Is the “TM” or “(C)” notice displayed properly on all company literature?
yes no Have patents been applied for company-owned inventions and discoveries?
yes no Is a trade secret protection program appropriate?
yes no Have employees signed appropriate Confidentiality and Invention Assignment Agreement?
yes no Have consultants and independent contractors signed appropriate Confidentiality and Invention Assignment Agreements?
yes no Is the company infringing the intellectual property rights of others?
yes no Is there a program in place to determine if others are violating the company’s intellectual property rights?
yes no Are all needed licenses obtained?
yes no Is the company complying with all license agreements to which it is a licensee?
Compliance Checklist- Employment
yes no Does the Company have an employment policy in place?
yes no Do interviewers of prospective employees know what they can and can’t ask?
yes no Is there a Non-Discrimination Policy in place?
yes no Is each prospective employee required to fill out a good form of Employment Application?
yes no Are employees treated fairly and evenly?
yes no Is there a Sexual Harassment Policy in place?
yes no Are job offer letters to new employees carefully drafted?
yes no Does the company have all needed forms from employees?
yes no Is the company keeping good records of its income and expenses?
yes no Is the company keeping track of all of its contracts?
yes no Is the company keeping track of all employee records?
yes no Is the company keeping track of all tax filings required?
Has the company determined the applicability of the following laws to its business?
yes no Environmental laws
yes no Worker Safety laws
yes no Securities laws
yes no Consumer protection laws
yes no Advertising laws
yes no Employment laws
yes no Product liability laws
yes no Corporate laws
yes no Tax laws
yes no Commercial and Real Property laws
If you answered No to a lot of the questions that means you still have a lot of work to do in ensuring that your business is legally protected. The goal is to ensure that the answer to most or all of the questions is YES
Please note that the list is not exhaustive, feel free to contact us here or call 07057907991 for more information or clarification.