#54 4 Tips for legal protection for small business owners
I’m asked again and again ‘Where do I start?’.
Ensuring your business is set up with the right legal coverage is often the last thing on any small business owners mind. This often leads to them to wait until it’s too late resulting in some very sticky situations.
In this episode, I’m covering my 4 top tips for legal protection for small business owners. When running a business, you’re constantly flat out trying to do everything at once and it’s very easy to let your legals fall by the wayside. We often just hope that nothing ever happens or that the few measures we’ve put in place will cover us.
But unfortunately, it’s quite often not the case.
By taking the time now to ensure you’re covered with the right legal protection, you’ll save yourself a massive headache later on.
Grab a pen and paper to write these down and feel confident you have set up a good foundation for your business.
TOPICS DISCUSSED AND WHERE TO FIND THEM:
[2:03]: Where do you start?
[2:16]: #1 Get your business structure right. Sit down and think about the right business structure for you and your circumstances.
[3:39]: #2 Have tailored business terms and conditions.
[5:16]: #3 Have tailored website documents for your business. These include; website terms and conditions, privacy policy, and click-wrap terms and conditions.
[6:16]: Don’t copy somebody else's. It needs to be prioritised and tailored for you.
[6:31]: #4 Insurance. Insurance is vital for any small business owner. It doesn’t matter what product or services you’re selling.
[8:22]: Summary.
LINKS:
Get your copy of my Annual Legal Checklist here
