Starting a new business is exciting, but it’s also risky. You may have already considered certain risks, such as what will happen if you don’t attract customers right away, but other risks can be problematic as well.
One of the biggest issues a lot of new business owners don’t take into consideration is asset protection.
Legal and business advisory firm Anderson Advisors highlighted what can happen when a small business isn’t structured properly to protect the owner. One example was a dry cleaner who was sued for more than $50 million for allegedly losing a pair of pants belonging to a customer.
It’s essential to ensure you’re protected from liabilities you might not ever have thought of, as well as frivolous lawsuits.
The Options
First and foremost, you need to look at the different protection plans that are available to you as a small business owner. The goal is to sepa
Protecting Your Assets If You’re Starting a New Business
Working from home can be an amazing thing. You’ll get to avoid those early morning chats by the coffee machine, being pestered by your boss, and you’ll be able to avoid that stressful commute every morning and evening. If you do decide to work from home, you’ll need a place to work which is separate from the rest of your home, and allows you to work without being distracted by anything. This is why many people have opted to build their own office in the garden, and here’s how you can too… Planning permission If you want to build an office with a bigger area than 15m2, you will need to consult your local authority for some planning permission. You will most likely need to follow some simple regulations such as the location and fire safety when you come to build the structure so make sure to check with the relevant people. Choosing the right size Once you’ve gained the accepta Building Your Garden Office From The Ground Up
Comments
Post a Comment