Executive Summary
One-page overview of business purpose, ownership, key financial metrics, material risks, and recommended actions to orient reviewers quickly.
A well-prepared Business Flylight Report improves transparency for stakeholders, helps meet regulatory and contract requirements, and reduces time spent answering follow-up questions. For legal validity, electronic signatures satisfy the ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted, provided intent, consent, attribution, and record retention conditions are met.
The report is prepared by internal business teams or external advisors and reviewed by finance, legal, and prospective external parties.
Use role-based review to limit distribution to necessary parties and record each reviewer and approval in the report's cover metadata.
One-page overview of business purpose, ownership, key financial metrics, material risks, and recommended actions to orient reviewers quickly.
Legal name, DBA, formation state, formation date, EIN, primary NAICS code, registered agent and address for legal notices.
Recent balance sheet, income statement highlights, cash position, and material trends with notes on accounting policies and significant anomalies.
Status of licenses, permits, filings, any open tax issues, insurance information, and whether HIPAA, state, or industry rules apply.
Summary of major customer, supplier, lease and loan agreements, termination clauses, renewal terms, and assigned rights or encumbrances.
Attach certified financial schedules, formation documents, EIN verification, insurance certificates, and signed authorizations where required.
| Field | Configuration |
|---|---|
| Template | Lock mandatory fields and reuse template for recurring reporting |
| Conditional Fields | Show additional exhibits only when checkbox triggers are selected |
| Authentication | Email + SMS code or stronger KBA for high-risk signers |
| Bulk Send | Enable when sending identical reports to many recipients |
Use platforms that support standard file types and produce auditable completion certificates.
Confirm your eSignature provider supports the authentication level and retention features you need before sending sensitive reports.
Within 7 business days after period close
Provide within 10 business days of request
Per loan covenants; typically 15–30 days
Maintain records per federal minimums
IRS: keep relevant records at least 3 years (IRC §6501(a))
Martin Properties used the report to consolidate lease and ownership details for a refinancing package.
Fertility Centers of Illinois standardized its clinic reporting package into a Flylight Report for vendor contracting.
An authorized officer such as the CEO or President signs for corporate approval. Signatures should match the signatory name on formation records and must be authorized under corporate bylaws to bind the entity.
The CFO or Finance Director may sign financial attestations and confirm the accuracy of statements. Ensure delegation of authority is documented when the signer is not an officer named in formation documents.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varied trial options | Varied trial options | Varied trial options | Varied trial options |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |