Page 164 - Initial Public Offering - An Introduction to IPO on Wall Street

Organizational Items

 Ask for a copy of all the Articles of Incorporation of the organization and information on
business partners
 Ask for a copy of all the proposals of the business's directors' and leading governing
board for an analysis
 Request a list of committees and shareholders of the company.
 Ask for a summary of the number of shares held by each shareholder of the business
 Have the business provide you with the State Secretary's Certificate of Good Standing

 Have the business send a report on how operational decisions and agreements are made
 Obtain annual business reports from the company for the previous three years at least
 Ask for a list of all the states where the organization is authorized to do business
 Ask for a summary of the corporate strategies and strategic plans of an organization for
the previous three years
 Ask for an illustration of the organizational structure of the business, including
documentation related to all employees, directors, and board members

Licenses and Tax Items

 Ask for a copy of all operational and business licenses of the organization issued by the
State Secretary of the regions where it is doing business

 Ask for a report on all the details on the tax agreement of the organization
 Ask for a list of international, federal, and state taxation information for the previous
three years from the business
 Ask for a summary of all the tax-related information for the last five fiscal years
 Ask for a summary of the business’s government licenses and permits.
 Ask for a copy of the last three years' income tax records
 Ask for a summary of the last three years’ job tax filings

Company Employees and Board Information

 Ask for copies of the business's employment lists, including all board directors,
executives, and employees
 Ask for details about each employee regarding their status in the company, roles, and
salary

 Ask for details regarding each company position’s employee benefits and privileges
 Ask for a summary of the policies of the organization regarding sick leave and employee
problem solving
 Ask for a summary of health insurances and other insurances provided to employees
 Ask for resumes of all the company's key employees
 Ask for a copy of all employee audits of the business for the previous three years

Financial Items

 Ask for a copy of all previous arrangements with investment bankers or brokers

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