Memorandum to Prospective and Current Clients Regarding Recommended Steps for Launching a 

New Business

We promote new businesses through fixed fees for legal and incorporation services. Olivier Denier Long developed the following procedures 

through 26 years of experience, and presents them here only as a suggested guideline.

 1.            Develop and Approve a Mission Statement;

2.            Conduct a Market Analysis or Hold Focus Groups to Determine the Viability of the Contemplated Enterprise;

 3.            Select a Law Firm, Accountant and Insurance Agent;

 4.            Identify, Select and Reserve a Corporate Name;

 5.            Identify and Select Officers;

 6.            Identify and Select Board of Directors;

 7.            Develop and Approve a Written Financial Plan / Budget for Capital and Operating Costs;

 8.            Develop and Approve a Marketing, Advertising and Public Relations Plan -- Short Range / Long Range;

 9.            Develop and Approve a Capitalization / Borrowing / Credit / Debt Service Plan and Cash Flow Plan;

10.            Develop and Approve Income Projections;

11.            Develop and Approve Buy-Sell Agreement Among Stockholders;

12.            Develop and Approve the Reimbursement for Expenses and Time Worked by Officers and Consultants before Incorporation;

13.            Develop and Approve Compensation and Benefits Plan for Officers / Employees / Consultants;

14.            Develop and Approve Selection of Financial Advisor;

15.            Develop and Approve By Laws or L.L.C. Operating Agreement;

16.            Develop and Approve Areas of Responsibilities for Each Officer Including Job Descriptions and Employment Contracts;

17.            Develop and Approve a Written Tax Plan / Subchapter S Plan / Section 1244, I.R.C. Plan;

18.            Develop and Approve a Section 351, I.R.C. Property Transfer Plan;

19.            Approve Issuance of Stock;

20.            Select Date for Annual Meeting of Shareholders / Directors;

21.            Select and Approve Corporate Book / Seal;

22.            Approve Pre-incorporation Acts of Officers;

23.            Approve and Acquire Banking Procedures, and Check Signing Authority;

24.            Identify all Patents, Trademarks, Service Marks or Copyrights Required to be Registered or Purchased;                    

25.            Identify and Approve Location of Office / Offices and Secure Certificate of Occupancy;  

26.            Secure Written Lease on Favorable Terms;   

27.             Identify and Apply for all Licenses Required by Government;  

28.             Identify and Analyze all Governmental Regulations which Affect Business;

29.            Register to Do Business in all States where Business Activity is Sought; and

30.            Develop Employee and Company Evaluation Plan, Quarterly Reports and Stockholders' Annual Report Format.

                                            
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Olivier Denier Long, Esquire
1420 Spring Hill Road, Suite 210
McLean VA 22120-3026
703-748-0600