What steps would you recommend I take to protect myself before establishing my business?
PROTECTING YOURSELF AND YOUR BUSINESS
THE BIG 3 that I believe are nonnegotiable when protecting yourself and your business are.
- Licensing Requirements (if needed)
- Partnership Agreement is you have a partner
THE NEXT BIG 3 Once you get up and running
Payroll services (I implore you to not do payroll in house as I see more business owners get in tax trouble by not letting a payroll company handle this.
Insurances (GL, Workers Comp. Personal Umbrella, etc.)
Trademarking and Patents (Protect your intellectual property)