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LEGALITIES: BIG VS SMALL BUSINESSES

Vena Verga-Danemar

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LEGALLY FLUENT® PODCAST

Episode

48

LEGALITIES: BIG VS SMALL BUSINESSES

LEGALITIES: BIG VS SMALL BUSINESSESVena Verga-Danemar
00:00 / 10:18
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WORD TRACK

1:20 Entrepreneurs often put off dealing with legalities because it seems overwhelming, especially when starting out.


1:55 However, whether you're big or small, compliance with business legalities is crucial. Just like when buying a toy for a child, you prioritize safety. Similarly, the government and your clients don't care about your company's size; they expect you to comply with legal requirements and protect yourself from liabilities.


3:15 Small businesses face more risks than big ones, which usually have dedicated legal teams and more financial resources. As a small business owner, you're on your own, exposed to greater risks. Therefore, legal protection is vital regardless of your company's size.


4:10 Now, don't let the thought of diving into business legalities overwhelm you. Take it one step at a time.


4:28 Starting with three key elements for establishing a strong legal foundation: proper business registration to show your seriousness, website policies including a Privacy Policy and necessary disclaimers, and well-drafted master contracts for your services to protect your interests and set clear expectations with clients.


6:45 As your business grows, consider insurance options for added protection, such as general liability, professional liability, or cyber liability insurance.


7:17 Also, ensure your intellectual property rights are safeguarded through copyrights for original content and trademarks for your brand.


7:52 Remember, building the legal foundation is a journey. Prioritize based on your business needs and seek professional guidance when necessary. You don't have to overwhelm yourself; take it step by step. If you're unsure about compliance with the new Swiss data protection law, watch a concise webinar created specifically for you. Find more details in the episode notes.

DESCRIPTION

Discover how business legal protection differs for small businesses versus big businesses in this engaging episode of the Legally Fluent Podcast. Hosted by Vena Verga-Danemar, an Onlinepreneur Legal Strategist, this episode breaks down legal concepts into actionable steps. Learn about proper business registration, website policies, master contracts, insurance options, and protecting intellectual property rights. From starting out to scaling your business, Vena emphasizes the importance of legal compliance and protection, regardless of company size. Take one step at a time and ensure your business is legally secure. Tune in to the Legally Fluent Podcast and follow Legally She Can for expert guidance on running and scaling your business while staying legally compliant. Don't miss this essential episode packed with practical advice for your business's legal foundation.

Keywords:

Privacy policies, privacy policy template, legal template for coaches, legal template for freelancers

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An image of Vena Verga Daneman in an office with a cup on a table and a mocrophone

Hi there Preppies,

It’s Vena Verga-Danemar

I am the co-CEO of the Danemar household, a seasoned business lawyer, and like you, an Online Business Owner.  While running a business involves hard work, there is a shorter and simpler path to success. You shouldn't have to give up too much time and suffer unnecessary stress that exceeds that of a full-time job.  Let's agree on that, shall we? Stick around, and I will show you tips, strategies, and insider knowledge to help you establish a business that grants you freedom, flexibility, and fulfillment.

legally she can

Legally She Can GmbH is not a law firm.  Vena Verga-Danemar is a licensed lawyer.  However, when you interact with her through Legally She Can or any of our social media sites, she is NOT acting as YOUR lawyer, nor is she going to establish a lawyer-client relationship with you.  The information you will obtain from Legally She Can or from Vena Verga-Danemar is NOT legal advice.  We provide educational and informational resources that are intended to help users succeed in their online business.  This is not intended to be attorney advertising.  

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