The 6 Legal Areas that Impact Your Risk & Profit
Aug 30, 2022
What is the legal stuff, anyway? When it comes to starting and running an online business, your to-do list is always a mile long. And “take care of legal” is often left to the bottom, because, what does that even mean? It's a mystery you’d rather not solve. In this episode, we’ll dive into the 6 legal areas that impact your risk and your profit in business
Key Takeaways
I started my business to make the legal aspects of online business accessible to everyone. But most people don't know where to start when it comes to the "legal stuff". After working with hundreds of business owners, I've realized it comes down to 6 key legal areas. These key areas, if taken care of properly, can reduce your risk and increase your profit in your business.
Here are the 6 key legal areas in business:
- Your Business Entity - your LLC is key for separating your personal assets from the risks of doing business
- Financial & Accounting - your money habits can strengthen or destroy the legal wall your LLC builds around your personal money
- Client & Student Relationships - your relationships determine what contracts you need, and your contracts help protect your boundaries and your freedom
- Team - the way you handle your team can catapult your growth or add to your risk
- Marketing & Website - marketing is crucial to the success of your business, but did you know there are laws about what you can and can't say in your marketing?
- Intellectual Property - a.k.a., your content and your branding. Protecting your ideas is key to protecting your course content, social content, branding, and everything that makes your business unique
Resources & Links
Next Steps
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Watch the free masterclass
If you are an online business owner who’s ready to take the guesswork out of the legal aspects of your business, watch my free training to learn the 3 steps to get your business legally legit without hiring a lawyer. Let’s get the legal stuff covered so you can grow your business with confidence.
