The Mystery of Formation Documents. We saw hundreds (maybe even thousands) of business owners scramble for proof of their business when they were applying for a business loan or a disaster loan during COVID.
❓Do you know where all of your formation documents are?
Category: Business Structure
Sometimes, important business documents are in paper format and sometimes, they're in digital format. Collect them now if you don't have them handy. Example of documents:
✅ IRS SS4 Letter
✅ IRS Filing receipt
✅ Articles of Incorporation
✅ Bylaws
✅ Shareholder agreement
🎯 Goal: Review where all of your formation documents are, whether they're original documents (paper format) or digital.
Are they backed up? Ensure all contact information is updated and consistent on all forms.
🚧 Actionable item: Locate and organize all formation documents into a properly labeled folder and double-check that all contact information is consistent and updated everywhere necessary.
💥 Download our documents checklist: https://bit.ly/AuroraChecklist
This list is what a lender would ask for if you're seeking funding.
We use this as a baseline. https://auroraconsulting.biz/credit-financing-consultation/
Find out more about the project: https://auroraconsulting.biz/lets-glitch/
Welcome to the Biz Glitch 366 series where we discuss 366 mistakes that we've made and seen in business over the course of 6 decades collectively.
We'll share a mistake of the day aka GLITCHES. We've organized the 366 glitches into 21 categories. Accounting, Bookkeeping, Branding, Business Growth, Business Operations, Business Structure, Credit Score, Culture, Customer Service, Cyber Security, Financing & Financials, Human Resources (HR), Insurance, Marketing, Mindset, Legal Issues, Outsourcing, Sales, Technology, Training/Education, Website Management
WHO WE ARE:
60+ years combined of owning, running and managing businesses and working with thousands of business owners to understand how business can be fun or it can falter.
Know ahead of time what mistakes to manage and what problems to prevent...BECAUSE THEY HAPPEN!
https://auroraconsulting.biz/lets-meet/
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▶️ 3Speak
Regardless of the number and importance of documents in your business, I think everyone will agree that it is more convenient to work with them online. If you often sign different contracts and would like to sign different waivers online to send them out quickly, you can use https://www.pandawaiver.com/. I use this service very often, because every day I sign new contracts and different waivers, so this software really helps me in my work
Managing business documents with a virtual team can get tricky. From formatting to consistent updates, it’s easy for things to go off track without the right people onboard. I’ve been through this myself, and the biggest lesson I learned is that finding the right team members is everything. If you’re figuring out how to hire virtual team members who can handle complex tasks like these, I’d recommend checking out this guide. It helped me streamline the process and build a team that really gets it.