As a business owner, you probably look at your business like your child.  You have spent countless hours nurturing your business to help it grow and succeed in the world. You have attempted to do everything you could to build a well-rounded and thriving “child.” Like a parent wants for their child, you want what is best for your business. Most entrepreneurs feel the same way. Despite all of this, most business owners fail in one particular area. The Annual Business Health Check-Up.

As a parent, we take our kids, and even ourselves, to the doctor to get a check-up every year. We want to make sure we are healthy and catch any problems before they get too big. As a business owner, you should treat your business the same way. If you own a business, from small to large, you need to get an Annual Business Health Check-Up to make sure you are doing everything right and anticipating any problems that may arise.

It is surprising to me how many business owners have never thought of doing this.  Some are just too busy to stop and think about it; others are not being advised of its importance. Either way, you are doing yourself and your business a disservice by not engaging in the process. Making a small investment now can save you a lot more time and money in the end.

WHAT IS THE ANNUAL HEALTH CHECK-UP

You may be wondering what an Annual Business Health Check-Up consists of. Well, every business is different, therefore every check-up will examine different things and be customized to each individual client. However, all check-ups will examine your corporate formation and governance documents to ensure there are no gaps or ownership changes that need to be memorialized. These documents include bylaws, operating agreements, buy-sell agreements, shareholder agreement, etc. 

Additionally, the check-up will address any potential contractual or employee liability, review all agreements in place and make modifications to those agreements so they are in line with the current operations. These are just a few things, but the check-up itself will be comprehensive and custom tailored.

Lastly, we take a future-based approach to our annual check-ups and will spend time discussing your 3-5 year plan so that we can anticipate your needs or problems you may encounter. Our goal is to help you solve the problems before they happen. We like to say we are “future-based problem solvers.”

Annual business health check-ups are often overlooked by business owners for fear of the high cost. We understand this concern which is why we offer our Annual Business Health Check-Ups for a reasonable flat fee. We want to ensure your business is healthy and you feel good about your future. We don’t want you to be concerned with limiting the review because you are trying to keep your costs down.

Engaging in our Annual Business Health Check-Up can save you tons of money in legal fees down the road. If you are interested in getting your check-up, email or call our office to schedule a time to come it. We would love to help you make sure your business is healthy and ready to grow!