As the owner of a small business, you may be focused on business activities that bring you more customers and clients. However, as you build your business, you also need to think about how you can best protect your business in the event of a lawsuit or other legal disputes. Here are just some of the steps you can take to help you and your business avoid legal problems.
Be Careful on Social Media
More and more often, people are finding themselves in legal trouble as a result of comments they make on social media. To make sure that doesn't happen to you, be sure to separate your personal and professional social media profiles. Keep your personal profiles private, and make sure that only those you trust can see what you post there.
On your professional social media profiles, remember that eyes can always see what you post, even if you remove it later. Be vigilant about maintaining a professional attitude, and refrain from making disparaging remarks against your competitors. Be completely truthful about your product and your company, so that no one can claim you made promises you didn't deliver on.
Get the Right Insurance
If you don't get any other kind of insurance, make sure that you get liability insurance so that if someone slips while walking into your office, or hurts themselves as a result of one of your products, you have some coverage. Investigate insurance needs that may be specific to your industry; for example, if you own a construction business, you may choose to get errors and omissions coverage because some of your clients may claim that you did not live up to contract agreements.
Retain a Lawyer for Contracts and Employee Documents
Before you sign any contract with customers or vendors, it's important that you read it and closely examine its contents. However, it is also a smart idea to make sure that you have an attorney look at and make changes to any contracts before you sign them. Your lawyer will have the experience necessary to notice any potential problem areas, and make sure that your interests are protected. A lawyer can also answer any questions you have, so that you can confidently sign a contract without worry.
Be sure to think carefully about the information in this article so your small business can avoid legal trouble. Consult a few small business lawyers, such as Terry Napora Law Office, in your local city to find out more ways to keep your business secure.
Share16 March 2015
