Business Purpose and Activities:

• What is the primary purpose of your business?
• What specific activities will your business be engaged in?

Ownership and Management:

• Who are the owners of the business? What percentage of ownership does each owner have?
• Will there be multiple classes of ownership (e.g., common stock, preferred stock)?
• How will the business be managed? Who will be responsible for day-to-day operations?

Initial Capitalization:

• How much capital will the owners contribute to start the business?
• Will additional capital be required in the future, and if so, how will it be raised?

Legal Structure:

• What type of legal structure are you considering (e.g., sole proprietorship, partnership, LLC, corporation)?
• What factors are important to you in choosing the legal structure?

Tax Considerations:

• What are your goals regarding taxation?
• Are there specific tax advantages or disadvantages that you are aware of or concerned about?

Liability and Risk Management:

• How concerned are you about personal liability for business debts and obligations?
• Are there specific risks associated with your business that need to be addressed?

Exit Strategy:

• Do you have a long-term plan for the business, and if so, what is your exit strategy?
• How flexible do you want the structure to be for potential changes in ownership or sale of the business?

Location and Jurisdiction:

• Where will your business be located, and are there specific legal or regulatory considerations in that location?
• Have you considered the legal and regulatory environment in the jurisdictions you are considering for your business?

Regulatory Compliance:

• Are there industry-specific regulations or licenses that your business needs to comply with?
• How familiar are you with the legal and regulatory requirements for your type of business?

Record Keeping and Reporting:

• How do you plan to handle record-keeping and financial reporting?
• Are there specific accounting methods or reporting requirements you need to adhere to?

Insurance Needs:

• Have you considered the insurance needs for your business, including liability insurance and other relevant coverage?

Employee Considerations:

• Do you plan to hire employees, and if so, what are your plans for compensation, benefits, and compliance with employment laws?