1. Keep up the good work! Governance Documents: By- Laws, Operating Agreement Corporate Reports and Taxes Shareholders, Members Web presence Negotiate Finance/Loan Terms © 2015 West Hill Technology Counsel, Inc. All Rights Reserved.

2. Governance Documents C, S, and Benefit Corporations: By-Laws: required in most states. LLC: Operating Agreement – not required but highly recommended! The more that you have in writing, the less risk you run of losing ownership disputes. © 2015 West Hill Technology Counsel, Inc. All Rights Reserved.

3. Corporate Reports and Taxes All corporate entities are required to file annual reports. If you are doing business in any state, you must file as a foreign corp. in that state. Annual reports are also required in any state you are registered to do business. If you are a LLC, make sure you know how your LLC will be taxed: Partnership or S Corp. A good question to ask to determine this = Will any of the LLC’s Members be salaried? © 2015 West Hill Technology Counsel, Inc. All Rights Reserved

4. Business Website Copyright © 2014 Westerly Widgets, Inc. All rights reserved. Not © 2011 westerlywidgets.com. E-Newsletter, blog posts, etc. Terms of Use Privacy Policy © 2015 West Hill Technology Counsel, Inc. All Rights Reserved

5. Company Equity C, S, Benefit Corp = Shares/Shareholder a. Shareholder Agreement b. Stock Restriction Agreement c. Buy/Sell Agreement LLC = Membership Interest/Member a. Joinder to Operating Agreement b. Restricted Unit Award Agreement c. Buy/Sell Agreement © 2015 West Hill Technology Counsel, Inc. All Rights Reserved