156: Every Entrepreneur's 3 Lines of Defense: Insurance, Contracts, and Business Structure

When it comes to running a successful business, it can feel like there are A LOT of legal aspects to consider (and many entrepreneurs become overwhelmed trying to stay on top of it all). Protecting your business is important and there are several ways to do it…but at The Legal Paige we like to tell business owners that what you really need is the business triangle: Insurance, Contracts and the right Business Structure. While you can't prevent legal issues from arising, having these three main lines of protections with your business will protect your assets and your business if the worst does happen!In Episode 156, we'll dive into the importance of insurance and how it can protect your business in the event of unforeseen circumstances, your business’s contracts and how they can help define the terms and conditions of your business relationships, and the crucial role that business structure plays in limiting liability and protecting your personal assets. You’ll walk away with a clear understanding of  how all three of these things work together when a legal issue pops up (and the various lines of defense these create to protect you)MORE FROM THIS EPISODE:Tune into Episode 156 for more information on the “business triangle” and WHY it’s so important for protecting your business! If you want more helpful business advice as you’ll hear on the podcast, be sure to join The Legal Paige Facebook Community where thousands of entrepreneurs just like you are getting real-time answers about running a professionally and legally legit business.