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Section 1 of 7
 BUSINESS LEGAL AUDIT
The Business Legal Audit is designed to help you identify the key gaps in your business. This diagnostic survey will take ~15 minutes. For each question, please read carefully and select the response that is most representative of your business. At the end of the survey, you will get a customized report for your business
Just before we dive into the questions, we would like to know you better. We will ask you some few questions upfront that will help us know you better. Hope that's fine?
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First of all - Introduction!! What do we call you?
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What is your business called?
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Please provide your phone number.
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Answer key
(0 points)
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Section 2 of 7
Formation
Is your business registered?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(40 points)
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What is your company registered as?
Question Type
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Business Name.
Private Limited Company (LTD).
Public Limited Company(PLC).
Company Limited By Guarantee.
Unlimited Company.
Not Registered
Add option
or
add "Other"
Answer key
(20 points)
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Do you have a separate bank account for your business?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(20 points)
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Section 3 of 7
Corporation and Governance
Are your annual returns up to date?
Question Type
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Yes
No
Rarely
I don't know
Add option
or
add "Other"
Answer key
(40 points)
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Do you have a company secretary?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(20 points)
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Do you have signed agreements with your co-founder?
Question Type
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Yes
No
I am a Sole proprietor
Other…
Add option
Answer key
(40 points)
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Section 4 of 7
Tax Compliance.
Do you have a Tax Identification Number?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(40 points)
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Does your company pay Company  IncomeTax?
Question Type
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Yes
No
I am a Sole proprietor
Add option
or
add "Other"
Answer key
(40 points)
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Does your business produce any product or render services?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(0 points)
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If yes, do you deduct the VAT from the products you sell and remit to the relevant tax agency( FIRS)?
Question Type
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Yes
No
Rarely
I deduct but do not remit to FRIS
Other…
Add option
Answer key
(40 points)
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Does your company have employees?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(0 points)
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If Yes, do you deduct tax(PAYE) from your staff salaries and remit to the relevant agency (FIRS) as at when due?
Question Type
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Yes
No
Rarely
I deduct but do not remit to FIRS
Add option
or
add "Other"
Answer key
(40 points)
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Section 5 of 7
Human Resources and Employment.
Do your employees have a signed employment contract?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(40 points)
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 Do you have a mission statement & have you identified the problem you're trying to solve?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(40 points)
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Are all your employees are aware of your mission statement?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(40 points)
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Do you have a  pension scheme for your employees?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(20 points)
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Do you remit your pension contribution on time to your pension manager?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(40 points)
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Do you maintain group-life insurance in favor of each of your employees?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(20 points)
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Do you maintain an employee compensation fund?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(20 points)
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Do you have an employee handbook?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(20 points)
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Section 6 of 7
Intellectual Property
Do you have a logo for your business?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(10 points)
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Is your business logo registered with the trademark registry?
Question Type
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Yes
No
I don't have a logo
Add option
or
add "Other"
Answer key
(20 points)
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Is your business object a novel (new) idea?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(0 points)
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If yes, have you registered this idea in the patent registry?
Question Type
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Yes
No
In progress
Other…
Add option
Answer key
(20 points)
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Section 7 of 7
Documentation
How formalized are the key processes in your business?
Question Type
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I have all my processes documented
I know all my processes but have not documented them.
We just run as it goes.
Add option
or
add "Other"
Answer key
(40 points)
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Do you sign agreements with your vendors and contractors?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(40 points)
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Do your employees sign NON DISCLOSURE AGREEMENTS?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(20 points)
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Do you have signed agreements with your clients and customers?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(40 points)
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Do you keep a detailed financial record?
Question Type
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Yes
No
Add option
or
add "Other"
Answer key
(20 points)
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Do you audit your books yearly?
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Yes
Add option
or
add "Other"
Answer key
(30 points)
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