Business Workflows

Getting Started with Workflows in LiraDocs

If you are new to LiraDocs, learning how to create a Workflow is essential. Workflows help streamline legal processes by assigning tasks to an attorney, assistant, or staff members.

This article outlines sample workflows for different Business Law matters, including:

• Transactional Workflows
• Entity Formation Workflows
• Business Litigation Workflows

Since law firms and jurisdictions vary, firms should customize workflows to fit their specific preferences and compliance requirements.

Sample Workflows in LiraDocs

Purchase of Business Workflow

Task	Due When	Assignee
Conduct Due Diligence for financials, contracts, and potential risks	On Matter Opening	Person Assisting
Determine Fair Market Value	After Due Diligence is completed	Person Assisting
Negotiate Purchase Agreement	2 Working Days after Due Diligence	Attorney Responsible
Check for Regulatory Requirements	After Purchase Agreement is completed	Person Assisting
Secure Financing (Clear to Close)	7 Working Days before Closing Date	Person Assisting
Draft Closing Documents	1 Week before Closing Date	Person Assisting
Finalize and Print Closing Documents	3 Days before Closing Date	Attorney Responsible

Formation of Corporation Workflow

Task	Due When	Assignee
Send Corporation Intake Form to Client	On Matter Opening	Person Assisting
Receive Completed Intake Form	4 Working Days after sending to client	Person Assisting
Draft Articles of Incorporation	After Intake Form is received	Attorney Responsible
File Articles of Incorporation	After Drafting is completed	Person Assisting
Apply for Federal Tax Identification Number (EIN)	1 Week after Filing	Person Assisting

Customizing Workflows in LiraDocs

LiraDocs allows firms to modify workflows based on:

• Firm Preferences
• Jurisdictional Requirements
• Specific Business Law Practices

For additional guidance, firms can consult LiraDocs support.