Business Formation Questions & Checklist

Our worksheet helps you identify key issues before talking to a lawyer

How and where to form your business are critical legal questions about business formation. If your business is formed incorrectly from the start, costly issues may arise down the road. A business lawyer will ask about your current structure and your future plans for your company -- such as who your partners and investors are, where you plan to operate, and what, if any, financial exit you foresee. Based on that information, your business lawyer will advise you on the proper business form to use -- LLC, LLP, S-Corp, C-Corp, B-Corp, etc. -- as well as where to form. It may be beneficial to form your business in your home state, or it may be better to form in a state with particularly favorable corporate rules, such as Delaware and Nevada.

Prepare for your first meeting or call with a business lawyer using Priori’s business formation resources, including our business formation worksheet. Using our business formation checklist that sets forth key business formation issues, you’ll be able to think through the most important legal questions about business formation in advance of your meeting with your lawyer. You can even send your completed business formation worksheet directly to your lawyer, so your lawyer can prepare in advance of your meeting and make your interaction as productive and cost-effective as possible. If needed, Priori can also connect you with a business lawyer in our vetted network who can assist you with all your legal questions about business formation.

Email *

Phone Number *

Briefly describe your business *

Briefly describe the intended activities of your organization. *

Have you already started doing business? *

Yes No

Will you be doing business outside the U.S.? *

Yes No Not sure yet

Will you sell good or services on the internet? *

Yes No Not sure

What entity type are you looking to become? *

LLC S-Corp C-Corp LLP PLLC Benefit Corporation Not sure Other

How many owners will the entity have? *

What kind of owners will the entity have?

U.S. Persons Foreign persons U.S. for-profit entities Foreign for-profit entities U.S. non-profit entities Foreign non-profit entities Other

Have any of the principals done business together before? *

Yes No

Is this the first company you've formed?

Yes No

How many employees do you currently have?

What is your anticipated financing structure? *

Debt Investment Immediate revenue Self-Funded (including other founders) Other

Do you plan to give any employees equity right now?

Yes No Not sure

Ideally, would you run this business until you're ready to retire or sell in the next few years?

Until I'm ready to retire Sell! Not sure

Who is going to manage the entity day-to-day?

One or more owners acting as a manager or managers Non-owner manager Not sure

Do you have any existing documents in place? *

Yes No

Do you need a lawyer to draft new formation documents, review already drafted documents or both? *

Draft new Review

Please provide any other details you think are relevant or important.

Send me lawyers who might be able to help me with this

Briefly describe your business *

Briefly describe the intended activities of your organization. *

Have you already started doing business? *

Yes No

Will you be doing business outside the U.S.? *

Yes No Not sure yet

Will you sell good or services on the internet? *

Yes No Not sure

What entity type are you looking to become? *

LLC S-Corp C-Corp LLP PLLC Benefit Corporation Not sure Other

Why are you interested in becoming that type of entity?

What other type of entity are you interested in becoming? *

How many owners will the entity have? *

What kind of owners will the entity have?

U.S. Persons Foreign persons U.S. for-profit entities Foreign for-profit entities U.S. non-profit entities Foreign non-profit entities Other

What other type of owners will the entity have?

Will foreign entities or persons own more than 50% of your entity?

Yes No

Have any of the principals done business together before? *

Yes No

Is this the first company you've formed?

Yes No

How many employees do you currently have?

What is your anticipated financing structure? *

Debt Investment Immediate revenue Self-Funded (including other founders) Other

Do you plan to give any employees equity right now?

Yes No Not sure

Ideally, would you run this business until you're ready to retire or sell in the next few years?

Until I'm ready to retire Sell! Not sure

Who is going to manage the entity day-to-day?

One or more owners acting as a manager or managers Non-owner manager Not sure

Do you have any existing documents in place? *

Yes No

What documents do you have in place? *

Do you need a lawyer to draft new formation documents, review already drafted documents or both? *

Draft new Review

What documents do you need reviewed? *

Who drafted the documents you need reviewed?

If you know, what documents do you need drafted?

Please provide any other details you think are relevant or important.