Read me first
If you are new to Smokeball, you should first learn how to create a Workflow before reading this article. Workflows make it easy to assign tasks to an attorney responsible, person assisting, or specific staff members.
This article outlines some sample workflows for Business Law matters. Business Law covers a lot of different types of law, such as transactional, formation of entity, and litigation. In addition to the samples described in this article, you can review Civil Litigation workflows for more ideas.
Since every law firm and jurisdiction may vary, you should modify the workflow based on your preferences or jurisdictional requirements.
Sample Purchase of Business Workflow (Click on the link to download a .txt file of the Workflow).
|
Task |
Due When |
Assignee |
|
Conduct Due Diligence for financials, contracts and potential risks |
On Matter Opening |
Person Assisting |
|
Determine fair market value |
On Conduct Due Diligence for financials, contracts and potential risks is completed |
Person Assisting |
|
Negotiate Purchase Agreement |
2 Working Days after Conduct Due Diligence for financials, contracts and potential risks is completed |
Attorney Responsible |
|
Check for Regulatory Requirements |
On Negotiate Purchase Agreement is completed |
Person Assisting |
|
Make sure financing is secured (Clear to Close) |
7 Working Days before Closing Date |
Person Assisting |
|
Draft Closing Docs |
1 Week before Closing Date |
Person Assisting |
|
Finalize and Print Closing Docs |
3 Days before Closing Date |
Attorney Responsible |
Sample Formation of Corporation Workflow (Click on the link to download a .txt file of the Workflow).
|
Task |
Due When |
Assignee |
|
Send Corporation intake form to client |
On Matter Opening |
Person Assisting |
|
Get Corporation intake sheet from client |
4 Working Days after Send Corporation intake form to client is completed |
Person Assisting |
|
Draft Articles of Incorporation |
On Get Corporation intake sheet from client is completed |
Attorney Responsible |
|
File Articles of Incorporation |
On Draft Articles of Incorporation is completed |
Person Assisting |
|
Apply for federal tax identification number (EIN) |
1 Week after File Articles of Incorporation is completed |
Person Assisting |