Business Asset Protection Checklist

Acquisition

Purchase Agreement

Identification of Assets

No Assumption of Liabilities

Non-competition Agreement

Non-disclosure Agreement

Customer Lists

Trade Names

Trade Dress

Trademarks

Licenses

Trademarks

Patents

Source Code Copyrights

Form of Business

Proprietorship (not recommended)

General Partnership (not recommended)

Limited Partnership

Limited liability

No Franchise Tax

Corporation (S or C)

Limited Liability Company

Trusts

Insurance

Liability

Umbrella

Life

Disability

Will

Maintenance

Employment Contracts

Non-competition Agreement

Non-disclosure Agreement

Customer Lists

Ownership of Ideas! Work for hire

Employee Manual

Confidentiality of Trade Secrets

Negotiations

Proposals

Plans/Designs

Formulations

Access Restrictions

Customer Lists

Methods of Operation

Pricing/ Pricing calculations

Material or supply sources

 

Buy/Sell Agreements

Death

Disability

Divorce

Disassociation

Valuation

Right of First Refusal

Non-disclosure

Non-competition

Life Insurance to third

Will

Insurance

Liability

Umbrella

Life

Disability

Disposition

Exit Strategy

Sale Agreement

Identification of Assets

No Assumption of Liabilities

Non-competition Agreement

Non-disclosure Agreement

Customer Lists

Trade Names

Trade Dress

Trademarks

Licenses

Trademarks

Patents

Source Code Copyrights

Liens on assets sold

Deed of trust

UCC

Succession

Buy/Sell See above for items

Key Man Insurance

Appointment of successor for management

 

Will

Marital Credit Trust

Gifts to Minors

Gifts to children of business – tax effect