Self-Assessment
Business Health Check
Answer each statement honestly. Every Yes earns a point. Your score updates as you go and shows where support would help most. Your answers stay in your browser.
Structure & Protection0 / 4
1My business is an LLC or corporation, not a sole proprietorship.
2All business money moves through a bank account and payment platforms in the business's legal name.
3I have a signed operating or partnership agreement, and I follow it.
4My Pennsylvania annual report and other state filings are current.
Books & Records0 / 4
5My bank and credit card accounts are reconciled every month.
6I review a profit and loss statement at least once a month.
7I keep a receipt or record for every business expense.
8I could hand a lender current financial statements within a week.
Taxes0 / 4
9A professional has reviewed whether an S-Corporation election would save me money.
10I set aside money for taxes and make estimated payments on time.
11Every federal, state, and local return for the past three years was filed on time.
12I have no unresolved notices from the IRS or the PA Department of Revenue.
People & Payroll0 / 4
13Payroll taxes are withheld, deposited, and filed on time. No employees? Answer Yes.
14Every worker I pay is correctly classified, and 1099s go out when required.
15If my business is an S-Corporation, I pay myself a reasonable salary through payroll. Not an S-Corp? Answer Yes.
16I carry workers' compensation for my employees. No employees? Answer Yes.
Planning & Protection0 / 4
17I have reviewed my business insurance coverage within the past year.
18I have a written business plan, updated within the past year.
19I am contributing to a retirement plan for myself.
20I have an exit or succession plan, and my will and power of attorney are current.
This self-assessment is a general guide and is not legal or tax advice.