Running a small business is not without its concerns. For example, you may wonder what would happen to your company if you were ever sued. We live in a litigious world, so it is smart to be prepared. Here are three things to consider.
- Business formation – You want to form your business as a corporation if at all possible. This will separate your business and personal assets. For example, if you operate as a sole proprietor, but your business gets sued, your personal assets could be affected. If you are a corporation, your personal assets are safe (assuming you were not actually breaking the law).
- Contracts and agreements – Your business contracts and agreements can protect you against lawsuits. For example, your employee contracts should clearly define the rules regarding termination. This will help to prevent lawsuits from employees who claim they were fired without proper warning.
- Intellectual property – You need to be careful never to use another brand’s IP. This would include having your own unique logo and company name. It also means getting the proper rights when reusing someone else’s written or graphic content on your website, social media post, or advertisements.
A Small Business Attorney in Southern California
If you operate a small business in the San Diego area, Pokala Law APC can help you to protect yourself. Our services are designed to assist small businesses in an affordable manner. Contact us today at 1.844.695.1487, or you can request an appointment through our website.
