Business Protection with The Contract Shop’s Christine Scalera
Your business is an asset, and you need to protect it. Business protection starts with having legal contracts in place to ensure your brand is legally protected. A legally protected brand is a happy business asset. The Contract Shop’s Christine Scalera is a lawyer who has made contracts for businesses easier with her contract bundles.
Please note that when you click on the links provided, if you decide to purchase, I will receive a small percentage of the sale.
You have been building your business and your brand for some time now, possibly years, but have you protected your assets?
You need to protect your business as an entity, but you can also protect the assets that you create within your business.
Yes, I teach business owners about optimizing profit in your business, but part of optimizing your profit is to protect your assets. Think about what would happen to your business should you be sued by an unhappy client or if someone has used your trademark that you failed to register. The financial consequences would be grave.
Read: How to Build Your Wealth as a Small Business Owner
You need to be proactive and insure yourself against these types of litigations and mitigate your risks of exposure. Smart financial planning for your business includes carrying business insurance, trademarking assets, and having legal contracts in place.
Find the right legal contract at The Contract Shop!
Asset protection strategies
It’s not just your business that requires protection, it’s the assets you build in the business as well. Asset protection strategies are imperative for your business as our society is litigious and as you build the equity in your business you become a target to others.
Types of assets you may want to protect are trademarks. Trademarks include logos, product names, phrases, symbols, taglines, and signature frameworks.
Wealth protection
Your wealth is in your business. As a small business owner, you likely own 100% of your business. When you are ready to protect your wealth, you need to mitigate any legal risk and exposure your business may have.
How to protect your business
There are many ways to protect your business from legal issues. When you have legal protection in place, if someone tries to sue you, they won’t get far because they have no recourse when terms and conditions are legally outlined and agreed to.
Find the right legal contract at The Contract Shop!
Some of the ways to protect your business:
Trademarking
When you register trademarks for assets that you have created within your business it prevents others from using them. People get to know your brand and your name becomes a trusted asset that you want to protect others from using it.
Business insurance
Business insurance protects you and your business from disputes with clients and any errors you make. You never know what can happen so when I see clients without business insurance this is one of the first things I recommend they get.
Legal client contracts
When working with clients and creating those relationships, it is good to have contracts in place that clearly state the expectations on both sides. This makes you accountable to the terms and conditions set out in the contract and avoids disputes. When disputes happen, there is legal recourse.
The bottom line is it is risky to choose not to protect the assets in your business. Getting legal advice from a lawyer can be expensive, especially for some routine contracts, so Christine Scalera created The Contract Shop that sells contracts and contract bundles to help make protecting your business and assets easier.
Find the right legal contract at The Contract Shop!