The following eligible legal, accounting, financial advisory services and other similar services must be provided to SEDI-owned businesses, VSBs, and small businesses throughout the business life cycle. Legal Services • Assisting with business formation or adopting corporate governance documents. • Obtaining needed registrations, licenses, filings, and certifications. • Advising on, or preparing documents for, the business to enter into contracts. • Legal services related to the business obtaining capital from investors, such as the development of financial instruments, investment term sheets, purchase agreements, and shareholder rights agreements. • Legal services related to a transfer of ownership interests in a business, in the case of employee stock ownership plans (ESOPs). Accounting Services • Preparing audits, financial statements, or business records. • Digitizing financial records. • Advisory services or training regarding accounting practices, recordkeeping, or accounting software. Financial Advisory Services • Assisting with the establishment of banking relationships or other financial services. • Assisting with applications for government small business programs, including preparing financial analyses. • Identifying sources of credit, capital, grants, and other financing. • Advising on factors that may impede access to financing for the business. • Advising on financial management. • Developing presentations to potential investors, financial models, and business plans.
